While some oil bulls continued to push WTI contracts higher using the good news from Enbridge, the broad market sentiment was so vulnerable that prices retreated after rising to as high as 103.37 earlier in the day. Weakness in Brent crude was more severe with prices approaching 110 again. The WTI-Brent spread has narrowed to -8.4 in European session. Gold price fell along with others in the commodity sector although uncertain economic outlook should traditionally be positive for the yellow metal.
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Gold Falls with Other Commodities but Outlook Remains Robust
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