Oil prices inched higher, extending gains from the previous day as a larger-than-expected draw in US crude stocks signalled firm demand, while investors remained cautious about the Iran-Israel ceasefire and stability in the Middle East.

SINGAPORE: Japanese rubber futures strengthened on Wednesday after a tentative truce between Iran and Israel buoyed investor sentiment and as wet weather in top producer Thailand sparked supply concerns.

US President Donald Trump on June 25 called Federal Reserve chairman Jerome Powell “terrible” for not lowering interest rates sharply.

The dollar struggled to regain lost ground on Wednesday as investors, starved of good news, latched onto optimism over a fragile truce between Israel and Iran.

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The Association of Natural Rubber Producing Countries (ANRPC) releases the Monthly NR Statistical Report, May 2025.

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Bursa Malaysia rebounded to open higher on Wednesday, tracking Wall Street’s overnight rally as sentiment improved amid easing Middle East tensions, an analyst said.