Brent closed at $118.11, its highest level since 2008

On Friday, Brent crude closed at $118.11 a barrel, its highest level since 2008.

The price of a barrel for May delivery rose by 6.92 percent during the trading session on Friday.

Gas and oil prices continue to record a record high throughout the European continent, which is also witnessing a decline in the value of its single currency against the dollar, while continuing to impose sanctions on Russia against the backdrop of its military operation in Ukraine.

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