By Adedapo Adesanya Oil settled slightly higher on Friday after Iran played down a reported Israeli attack on its soil, a sign that an escalation of hostilities in the Middle East might be avoided. Brent futures rose by 18 cents or 0.21 per cent to trade at $87.29 a barrel and the US West Texas Intermediate (WTI) ended 41 cents or 0.5 per cent higher to $83.14 a barrel. Both benchmarks spiked more than $3 a barrel earlier in the session after explosions were heard in the Iranian city of Isfahan in what sources described as an Israeli attack. However, the gains were capped
Oil Rises as Iran Cools Tension After Israel’s Attack
