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- Following the drift in oil prices into the Wednesday close, markets have stabilised somewhat Thursday, with both WTI and Brent benchmarks in minor positive territory. Focus turns to the OPEC monthly oil market report, due to cross at 1315BST/0815ET.
- Precious metals are more mixed, with gold and silver lower by around 0.4%. Markets watch for the release of US CPI later today, with the Y/Y rate seen rising to the highest rate since 2008.
- Gold directional parameters are unchanged, with Gold key short-term triggers at; $1916.6, the Jun 1 and bull trigger and $1856.2, the Jun 4 low.