DUBAI: Oil prices surged on Wednesday (Thursday in Manila) following the blockage of the Suez Canal, while stocks were mixed as governments struggle to contain the latest wave of the coronavirus.

Crude futures surged 6 percent as traders assessed the likely impact from the grounding of a giant container ship in one of the world’s busiest shipping routes.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details