Oil prices surged on Friday, recording their biggest monthly gain since March. Brent crude futures rose $1.09 to settle at $90.12 a barrel, while US West Texas Intermediate (WTI) crude futures gained $1.08 to close at $84.67 a barrel.
The gains in oil prices were driven by developments in the Middle East. For the month of July, Brent crude advanced 24 percent, while WTI posted a 21 percent gain.
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