Crude oil rebounded strongly as Saudi Arabia reported decline in supply in September. Meanwhile, prices were driven by the generally positive macroeconomic dataflow. The front-month WTI crude oil soared +1.95% while the Brent crude contract rose +2.50% during the day. Gold slumped as the US dollar firmed. The benchmark Comex contract slumped to the lowest level in more than a week before settling at 1229.1, down -1.32%.
Excerpt from:
Crude Oil Jumped as Saudi Trimmer Supply Last Month
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