India, Aug. 13 -- France's equity benchmark CAC 40 climbed modestly higher on Thursday thanks to some brisk buying at select counters. Weak crude oil prices and easing concerns about Fed rate hikes thanks to tame U.S. inflation data aided sentiment.
Despite continued uncertainty about the reopening of the Strait of Hormuz, brent crude futures dropped to $87.25 a barrel this morning, losing nearly 2% from previous close.
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