U.S. oil prices rose to the highest level since September on Friday as tensions escalated between the U.S. and Syria.
WTI oil prices climbed more than a dollar to a session high of $98.25 a barrel, a level not reached since Sept. 17, 2012. Brent crude futures were up about $1.50 a barrel, reaching a session high of $106.64 a barrel, the highest price in over two months. Oil was trading slightly off the highs at midday.
Crude oil prices have been range-bound for more than a month until Thursday afternoon when it was reported that President Obama authorized shipment of U.S. weapons to Syrian rebels for the first time. The White House said it had proof that the Syrian government used chemical weapons against rebels. Oil prices extended their gains Friday morning.