Commodity Capsule: Brent crude oil inches higher; gold steady; copper rises | Watch video
Commodity Capsule: 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.
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.
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.
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