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Energy, Metals Buoyed by Dollar Retreat

COMMODITIES

WTI and Brent crude futures rose close to 2% apiece Wednesday, buoyed by a lower USD, which fell against all other currencies in G10. The weekly DoE inventories numbers helped, with crude oil inventories rising by a much lower than expected 769,000 bbls.

Gold erased early weakness, with spot prices rising back into positive territory at the London close. Platinum outperformed, rising to new multi-month highs of $956.05/oz.

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

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