Commodity Capsule: Brent crude oil gains; gold rises; copper soars | Watch video
Commodity Capsule: Premium for immediate US crude futures to second-month contract more than doubled to its widest level in roughly four months.
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.
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.
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