Commodities rebounded on Monday after the heavy selloff last week. The front-month contract for WTI crude oil prices climbed higher to 98/99 after tumbling to 94.63, almost a 3-month low, while the equivalent Brent crude contract recovered to 110/11 after a slump to as low as 105.15 last Friday. Buying interests emerged in silver as some market participants viewed that last week -30% selloff was excessive. Gold performed resiliently, rising for a second day and recapturing the 1500 territory.
Excerpt from:
Commodities Bounce Back
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