Commodity Capsule: Brent crude edge higher; gold rises; copper rebound | Watch video
Commodity Capsule: Strikes by US and British forces to stop the Houthi militia in Yemen from attacking ships in the Red Sea are supporting crude oil prices.
Commodity Capsule: Oil prices edged up on Monday as traders watched for supply disruption risks in the Middle East.
Strikes by US and British forces to stop the Houthi militia in Yemen from attacking ships in the Red Sea are supporting crude oil prices.
Brent crude futures hovered around $78.42 a barrel. WTI crude traversed $72-73 a barrel.
Both the oil benchmarks jumped more than 2 per cent last week to touch their highest intraday levels this year.
On Sunday, the Houthi militia threatened a "strong and effective response" after the United States carried out another strike overnight
President Joe Biden said the United States had sent a private message to Iran about the Houthi attacks.
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