OIL TOUCHES $110 A BARREL FOR FIRST TIME SINCE MAY ON MIDDLE EAST , RUSSIA SUPPLY FEARS

What happened: Brent touched $110 a barrel for the first time since May on Friday, then settled at $109.86, on Middle East and Russia supply fears. Key numbers: Brent settled $3.94, or 3.7 percent, higher at $109.86, highest since May 19. WTI closed $3.44, or 3.5 percent, higher at $101.41. Brent rose 4.9 percent this week, WTI 10.4 percent. IEA agreed to release more than 20 million barrels of fuel. Why it matters: Energy Aspects said escalation risks will keep flat prices supported. Kpler expects a slower, more uneven recovery in Hormuz flows without a comprehensive political deal. Coverage: 6 outlets in 24h

Brent touched $110 a barrel for the first time since May on Friday, then settled at $109.86, on Middle East and Russia supply fears.

Energy Aspects said escalation risks will keep flat prices supported. Kpler expects a slower, more uneven recovery in Hormuz flows without a comprehensive political deal.