SINGAPORE: Brent crude powered back above $49 a barrel in Asia Friday as oil prices resumed their rise after the dollar eased and militants blew up another pipeline in African producer Nigeria.
A rally that pushed oil prices to a series of 2016 highs since last week had taken a breather over the past two days after minutes of an April meeting showed that the US Fed kept the door open to raising interest rates in June, sending the dollar higher.
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