Commodities
Trump's Sanctions Stance Drives Oil Prices Higher
Oil prices rose on Wednesday after US President Donald Trump denied plans to ease sanctions on Iran while Qatar pushed for peace talks.
The Brent crude futures increased by $1.14, or 1.11%, to $103.73 a barrel, and US West Texas Intermediate crude rose by 34 cents, or 0.38%, to $89.72.
Gold steadied after Tuesday's gains as traders weighed the decline in oil prices against elevated US Treasury yields.
The dollar remained near its year-high versus the euro on Wednesday, fueled by US growth and rising interest rates, while the euro tested support around 178 yen.