Oil prices rise as gold stays low
Oil prices rise amid concerns over Middle Eastern supplies, with Brent crude futures increasing by 0.6% to $105.91 per barrel, and U.S. West Texas Intermediate rising by 0.8% to $93.32, reflecting ongoing worries about potential supply disruptions. Meanwhile, gold prices remained steady but stayed near their lowest level in over seven weeks due to fears surrounding the continued hikes in U.S. interest rates. Gold futures fell by 0.3% to $1,156.70, silver declined by 0.6% to $60.62, and both platinum and palladium dropped by 1% and 0.5% respectively.
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