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WTI Bounces Off Overnight Low, But Well Shy of Thursday High

COMMODITIES

WTI and Brent crude futures trade in very minor positive territory ahead of the final COMEX open of the week, having recovered from weakness seen across Asia-Pac hours. Early selling pressure saw prices ebb to $51.93, but modest USD weakness throughout European hours has seen prices recover to show north of $52.50.

In precious metals space, gold is benefiting ahead of the NY crossover, with the yellow metal narrowing in on yesterday's $1864.24 high. A break above here would open the 100-dma at $1879.28.

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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