Crude oil prices retreated for a second day, hinging on the EIA report showing higher oil supply and the mere war of words between Saudi Arabia and Iran for the time being. The front-month WTI contract dropped -0.68% while the Brent contract was down -0.31%. Precious metals climbed higher with the benchmark Comex gold and silver contracts gaining +0.62% and +1.19% respectively. US dollar was mildly lower, falling against major currencies with the exception of British pound.
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EIA Report Showing Abundant Supply Suppressed Oil Prices
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