Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region.
Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images
Oil prices rose on Friday morning, wiping out an earlier dip that had boosted sentiment in international equity markets.
By 5 a.m. ET, global benchmark Brent crude futures added 2.3% to trade at $87.34 a barrel, while West Texas Intermediate crude futures were 4.5% higher at $84.64 a barrel.
Crude oil prices
Prices dipped overnight as investors continued to assess the impact of the U.S.-Iran war on global energy supply.
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