Oil prices edged lower in early trade on Friday but remained on course for strong weekly gains as renewed military exchanges between the United States and Iran kept concerns over global crude supplies elevated.

Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already…

(Bloomberg) -- Oil gained and US equity-index futures slipped after the US said it struck Iran for a second straight day, stoking fears the conflict could disrupt shipping through…

Brent crude futures gained 78 cents, or 1%, to $78.8 a barrel while U.S. West Texas Intermediate (WTI) crude futures rose 74 cents, or 1.01%, to $74.26 a barrel. On Wednesday, the…

Fresh hostilities will test suppliers’ ability to keep vessels crossing Strait of Hormuz chokepoint

Oil prices saw a slight dip Friday but are set for weekly gains. US and Iran exchanged strikes, escalating regional tensions and impacting supply routes. Concerns over rising…

Even with Friday's decline, both crude benchmarks were set to end the week higher. Brent was on course to gain about 6%, while WTI was poised to rise nearly 5%.

Oil prices edged lower in early trade on Friday but remained on course for strong weekly gains as renewed military exchanges between the United States and Iran kept concerns over…

NEW DELHI, July 10 : Oil prices rose on Friday and were set for weekly gains because of renewed fears of supply disruptions from the key Middle East producing region after renewed…

LONDON, July 10 : Oil prices rose on Friday and were on track for weekly gains as renewed U.S.-Iran fighting disrupted shipping in the Strait of Hormuz, stoking concerns over…

Oil prices dip but remain set for weekly gains amid ongoing West Asia supply risks and inflation concerns.

Brent on track to post a weekly gain of around 6 per cent

Crude oil prices are heading for a weekly gain as renewed U.S.-Iran hostilities disrupt shipping through the Strait of Hormuz, although expectations of eventual diplomacy continue…

Exchange of attacks brings traffic through Strait of Hormuz to near halt