Oil up on US-Iran scare, dollar


Brent crude futures settled up $1.11, or 2.4 percent, at $47.37 a barrel. It rose to $47.47 at the session high. U.S. crude's West Texas Intermediate (WTI) futures settled up 93 cents, or 2.1 percent, at $45.68 a barrel. The day's peak was $45.80. (A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia. - REUTERS filepic

Brent crude futures settled up 62 cents, or 1.3 percent, at US$49.67 a barrel.

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