Oil prices remained near recent highs on Wednesday as markets assessed conflicting signals over efforts to restore shipping through the Strait of Hormuz.
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Oil prices remained near recent highs on Wednesday as markets assessed conflicting signals over efforts to restore shipping through the Strait of Hormuz.
Utilities, energy and industrial stocks were all higher, while large-cap technology stocks continued to weigh down the index.
On Tuesday, Brent gained 1.36% to settle at $88.91 a barrel, while US West Texas Intermediate (WTI) futures rose 1.3% to close at $83.20 a barrel.
Asian equities traded mixed as investors tracked signs of progress towards restoring shipping through the Strait of Hormuz, while crude prices remained elevated.
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Here's a look at stocks that are likely to be in focus during the trading session on Wednesday.