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…

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…

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