Commodity markets traded mixed on October 22, with oil prices rising amid escalating Middle East tensions, while gold prices edged lower.
Oil prices rose on Thursday as more attacks by the Houthis in Saudi Arabia prompted the United States to order some diplomats and family members to leave its missions in the Kingdom.
Brent crude futures rose $1.29, or 1.2%, to $110.11 a barrel, while US West Texas Intermediate crude gained 97 cents, or 1%, to $98.12. Brent had settled largely unchanged on Wednesday, while WTI had eased 67 cents.
Gold dipped as a flareup in Middle East hostilities raised inflation risks, even as the Federal Reserve is still expected to keep interest rates steady in the near term.
Bullion was trading at around $4,120 an ounce, after rising 0.4% in the previous session to snap three days of declines.