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Oil prices were hovering at multiyear highs on Friday, with Brent crude briefly trading above $85 a barrel.
December Brent crude BRN00 BRNZ21, the global benchmark, rose 73 cents, or 0.8%, to $84.77 a barrel on ICE Futures Europe, hitting a session high so far of $85.10 a barrel, a level not seen since Oct. 9. 2018, according to FactSet. Brent closed up 1% to $84 a barrel on Thursday, also its highest close since Oct. 9, 2018.
West…
