Oil prices rise 5pc as investors fear further Middle East escalation

NEW YORK, March 26 (Reuters): Oil prices rose 5% on Thursday, rebounding from the previous session's losses, on worries that a prolonged Middle East conflict could continue to disrupt supplies.Brent futures were up $5.26, or 5.2%, to $107.48 a barrel at 10:57 am EDT (1457 GMT), close to the session...

Read more

Foreign Minister Dr Khalilur Rahman speaks at a commemorative meeting

Foreign Minister Dr Khalilur Rahman speaks at a commemorative meeting marking the 'International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade' at the UN General Assembly in New York on Wednesday. — Photo: PID

Read more

Malaysian palm oil surges nearly 2pc on stronger Chicago soyoil, crude oil

KUALA LUMPUR, March 26 (Reuters): Malaysian palm oil futures rose nearly 2% on Thursday, rebounding after two sessions of losses, as stronger Chicago soyoil, crude oil prices and robust export data supported the market.The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed up 85...

Read more

Gold slips as markets assess prospects of Iran ceasefire

Gold prices retreated on Thursday, hurt by a firmer dollar and higher oil prices that kept inflation fears intact and sustained expectations of elevated interest rates, while market participants reconsidered the chances of a Middle East ceasefire, reports Reuters.Spot gold was down 1.1% at $4,455.51 per ounce by 11:15 a.m....

Read more