In this article

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.