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Strong Oil Stands Out Amid Soft Risk Backdrop

COMMODITIES

WTI crude futures have touched higher highs for the 8th consecutive session Tuesday, with the high watermark of $58.62 printed this morning. The commodity complex on the whole is higher, benefiting from broad greenback weakness this morning, while global stock markets have softened slightly.

Gold and silver are again higher, with silver seeing some decent upside to touch $27.82 and extend the rally from last week's lows to over 7%. There still remains a decent gap with the retail-driven highs printed early last week at $30.10, however.

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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