Commodity Capsule: Oil prices inched up on Tuesday trade as investors waited to see whether the Middle East trip by US diplomat Antony Blinken will bring a halt to the Gaza war, which has raised concerns about supplies from the major producing region.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Brent crude futures rose to $78/barrel. WTI crude futures climbed to $73. Both contracts gained nearly 1 per cent on Monday, rising for the first time in four sessions.

Blinken met Saudi Arabia's de-facto ruler on Monday. Palestinians hope the visit will clinch a truce before a threatened Israeli assault on Rafah, a border city where about half the Gaza Strip population is sheltering.

The ceasefire offer, delivered to Hamas last week by Qatari and Egyptian mediators, awaits a reply from militants who say they want more guarantees it will bring an end to a four-month-old war.

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

DISCLAIMER: The views and investment tips expressed by investment experts on zeebiz.com are their own and not those of the website or its management. zeebiz.com advises users to check with certified experts before taking any investment decisions.