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Oil tops $87 a barrel after brief price dip
Oil prices rose to their highest levels in months on Monday as Iran and Israel stepped up attacks in the Middle East, disrupting shipments from the region.
Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images
Oil prices rose on Friday morning, erasing earlier declines that boosted confidence in international stock markets.
As of 05:00, global benchmark Brent crude futures were traded at $87.34 per barrel, up 2.3%, while West Texas Intermediate crude futures were traded at $84.64 per barrel, up 4.5%.
Crude oil prices
Prices fell overnight as investors continued to assess the impact of the US-Iran war on global energy supplies.
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