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WTI, Brent North of Monday's Highs

COMMODITIES

Both WTI and Brent crude futures are in positive territory ahead of the Tuesday open, with gains of around 0.7% apiece. Monday's highs gave way with little resistance, opening last week's highs of $53.79/56.64 for WTI and Brent respectively. Better equity markets are helping flatter energy products, with the modestly stronger dollar keeping some pressure on prices.

Spot gold has been non-directional so far, with prices inside the Monday range. A similar story for silver so far Tuesday, with 50-dma providing some support at $25.05 today.

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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