Oil prices experienced a slight dip on Thursday due to investor uncertainty following President Trump’s ambiguous statements regarding potential U.S. involvement in the Israel-Iran conflict. Brent crude futures fell by 0.48% to $76.33 a barrel, while U.S. West Texas Intermediate crude decreased by 0.37% to $74.86.
Rupee touches one-week high; RBI plans to ease dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.