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Oil Fades; Metals Off Recent Highs

COMMODITIES

Oil has traded in choppy fashion overnight, buffeted by supply (Iran-US talk pessimism supporting supply concerns) and demand (surging India COVID cases dampening demand) headlines, leaving WTI futures down 0.4%.

  • Metals are likewise weaker, fading Wednesday's multi-week highs, with silver and platinum underperforming early Thursday.

Latest levels:

  • WTI Crude down $0.25 or -0.41% at $61.03
  • Natural Gas down $0.02 or -0.78% at $2.669
  • Gold spot down $6.43 or -0.36% at $1791.53
  • Copper down $0.25 or -0.06% at $429
  • Silver down $0.18 or -0.69% at $26.3904
  • Platinum down $8.43 or -0.69% at $1205.4

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