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Oil Regains Footing, Gold, Silver Buoyed as USD Eases

COMMODITIES

Having pulled lower into the close of the week, both WTI and Brent crude futures contracts are positive ahead of the Monday COMEX open, with WTI narrowing the gap with $53/bbl and last week's highs of $53.79.

The dollar traded well in early Europe, benefiting from soft European data and a slip in the EUR. This has eased at the NY crossover, helping buoy both gold and silver - which are also garnering some support from fragile European stock markets this morning.

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