Commodity Capsule: Brent crude oil stable; gold under pressure | Watch video
Commodity Capsule: They fell over 2 per cent on Friday after stronger-than-expected US jobs data suggested interest rate cuts could be further out than expected.
Commodity Capsule: Oil prices stabilised on Monday after sharp falls last week, amid continued attempts to reach a ceasefire in the Israel-Palestinian conflict even as the US planned new strikes on Iran-backed groups.
Brent crude futures inched up to $78 a barrel. US West Texas.
Intermediate futures edged towards $73 a barrel.
Both benchmarks ended last week down about 7 per cent.
They fell over 2 per cent on Friday after stronger-than-expected US jobs data suggested interest rate cuts could be further out than expected.
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