An attack by drones on Iraqi Kurdistan oil fields Thursday sent crude oil prices up $1 a barrel, a clear sign there is continued risk in the volatile region.
Officials believe Iran-backed militias were responsible, although no group has claimed they were behind the attacks. Oil output in the region has been cut by nearly 150,000 barrels a day.
Bent crude, the global benchmark, finished up $1 or 1.46% to close at $69.52 a barrel.
US benchmark, West Texas Intermediate crude, rose $1.16 for a 1.75% gain to $67.54 a barrel on the New York Mercantile Exchange.
Following the drone attacks on the Iraqi oilfields, Oklahoma energy stocks recorded mostly a day of gains. Matrix Service Co. recorded a strong 5% gain while Vital Energy rose nearly 5%. Others had modest gains while Devon Energy increased by more than 3%.
