Free Trial

Early Commodity Gains Fade Into the Close

COMMODITIES

Having pulled lower into the close of last week, both WTI and Brent crude futures contracts traded positively Monday, although a large part of the day's gains were erased ahead of the close. Nonetheless, WTI has narrowed the gap with $53/bbl and last week's highs of $53.79.

Precious metals markets traded flat, with early equity-inspired gains fading well ahead of the close. Spot gold remained inside the Friday range of $1837.5 - $1870.8.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.