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Mixed Performance, Oil Flat, Precious Metals Soft

COMMODITIES

The recent rally in WTI and Brent oil futures slowed Thursday, leaving both metrics broadly flat into the close. Friday's delayed weekly DoE data take focus going forward, with markets expecting a draw of close to 2mln bbls this week.

Both Gold and Silver traded mildly lower, but recent ranges were respected. Gold found some support ahead of the 50-dma at $1860.35, as markets took profit after Wednesday's rally.

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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