Crude Retreats Together with Equities. Eco Data Disappoints
BonTradeCrude oil pulled back in concert with stock markets. Political environment in Japan and economic releases in the UK and the Eurozone took center stage in driving market sentiment. Currently trading at 76.7, the front-month WTI contract retreated for the first time in 3 days after soaring to a 1-month high of 78.04 yesterday. Weakness in USD sent precious metals higher. Gold climbed to as high as 1256.9 while silver continued trading above 20. For PGMs, both platinum and palladium strengthened for a second day to 5-week high of 1570 and 4-month high of 541 respectively.
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Crude Retreats Together with Equities. Eco Data Disappoints
