Commodity Capsule: Oil prices regained some ground on Wednesday amid concerns over attacks on shipping in the Red Sea and a drop in the dollar index.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Brent crude futures hovered past $82.50/barrel. US WTI futures edged past $77.

Brent and WTI contracts fell 1.5 per cent and 1.4 per cent respectively from near three-week highs on Tuesday.

Premium for immediate US crude futures to second-month contract more than doubled to its widest level in roughly four months.

Washington again vetoed a draft United Nations Security Council resolution on the Israel-Hamas war, blocking a demand for an immediate humanitarian ceasefire.

stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.