WTI Crude Settled Below 50 as Exports Set New High
SteffenMcColl09Crude oil price remained under pressure despite US inventory withdrawal. Traders put their focus on record high oil exports instead. Falling -0.87%, the front-month WTI crdue oil contract reverted to close below the 50 level. The Brent contract slipped -0.36% and settled at 55.8 for the day. Precious metals were mixed with gold mildly higher, after losing over the past three days, while silver drifted lower. In the FX market, major currencies were mixed against US dollar.
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WTI Crude Settled Below 50 as Exports Set New High
