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Oil a Touch Lower as Risk Fades

COMMODITIES

Both WTI and Brent crude futures trade lower at the beginning of the week, with front-month contracts off around $0.40 apiece. Oil markets are following general risk appetite lower, with both US futures and European cash equity markets on the backfoot in early deals. Losses are minimal, however, with WTI bouncing off overnight lows at $45.36 and steering clear of last week's lowest levels.

Despite the softer equity picture, spot gold and silver are both lower, with spot gold showing below the Thursday low to touch $1822.51 in early European hours. The outlook has improved somewhat pre-NY open.

Energy BulletsCommodities
Energy BulletsCommodities

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