Commodity Capsule: Brent crude oil prices on rise; Base metals under pressure I Watch video
Commodity Capsule: Gold prices moved little on Wednesday after losses in the prior session saw futures lose a key bullish level.
Oil prices rose in Asian trade on Wednesday, sticking to a three-month high as industry data pointed to a substantially larger-than-expected drawdown in US inventories over the past week.
Data from American Petroleum Institute showed that the US crude inventories likely shrank by 15.4 million barrels in the week to July 28.
Gains are supported by a softer dollar, as the index hovers 102 level.
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