SriLanka, Oct. 31 -- Global oil prices climbed more than 2 per cent on Friday, closing at their highest levels since late April, as growing concerns over a possible escalation of the Iran conflict following the US midterm elections heightened fears of disruptions to global oil supplies. An attack on a tanker in the strategically important Strait of Hormuz further fuelled market concerns.

Brent crude futures for December delivery, which expired on Friday, rose by $2.76, or 2.4 per cent, to settle at $117.64 per barrel after reaching an intraday high of $118. The more actively traded January contract advanced by $2.63 to $113.43 per barrel.

Meanwhile, US West Texas Intermediate (WTI) crude futures gained $2.12, or 2.08 per cent, to close ...