Oil rally resumes after brief dip in prices as Brent tops $87 a barrel

Business

Oil prices rose on Friday morning, wiping out an earlier dip as investors continued to assess the impact of the U.S.-Iran war on global energy markets. By 5:47 a.m. ET, global benchmark Brent crude futures added 2.2% to trade at $87.27 a barrel, notching a fresh 52-week high. U.S. West Texas Intermediate crude futures were last seen 3.8% higher at $84.08, paring earlier gains. Prices dipped overnight as investors continued to assess the impact of the U.S.-Iran war on global energy supply. Crude

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