Abu dhabi: Oil prices rose today, Wednesday, extending a rally that began several days ago, while gold prices showed little change amid volatile trading.
According to Emirates News Agency, in oil markets, Brent crude futures for June delivery rose by US$0.52, or 0.47 percent, to reach $111.78 per barrel as of 01:54 GMT, while the more active July contracts stood at $104.84, up 0.4 percent. US West Texas Intermediate crude for June delivery also increased by $0.57, or 0.57 percent, to $100.50 per barrel.
Meanwhile, gold prices remained steady with a slight upward bias, rising 0.1 percent in spot trading to $4,597.07 per ounce as of 02:43 GMT, after falling in the previous session to their lowest level since 2nd April. US gold futures for June delivery held steady at $4,610.20.
Among other precious metals, silver rose 0.8 percent to $73.64 per ounce, while platinum fell 0.4 percent to $1,930, and palladium declined 0.4 percent to $1,453.91.
