Oil prices gained for a fifth day. Crude prices gained as traders gauged the widening fallout from the US-Israel war against Iran, with them vowing to press on with the war, which is upending the energy markets.West Texas Intermediate increased towards $76 a barrelafter rising 11% in the first three days of the week. Brent ended near $83.
Meanwhile, Asian equities rebounded post a sell-off, tracking the gains on Wall Street fueled by upbeat economic data.
South Korea’s Kospi Index, lead the Asian stocks higher, as it rose 12%, bouncing back from its worst crash ever in the previous session.The broader MSCI Asia Pacific Index increased 2.8% , while the futures on US benchmarks advanced as the sentiment showed signs of stabilising after the initial bout of volatility triggered by the Middle East conflict.
With inputs from Bloomberg
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