Commodities
NZ Sharemarket Flat as Brent Crude Nears $US100 Mark
The New Zealand sharemarket remained flat on Thursday as global oil prices neared the US$100 mark, according to BusinessDesk.
Brent crude has been steadily rising in recent weeks and is now close to reaching its highest price level since 2014. The increase in oil prices has been driven by ongoing supply disruptions and strong demand from emerging markets.
The New Zealand sharemarket's flat performance comes as a surprise, given the significant gains seen in other major stock exchanges around the world.