Decline in US inventory offered a boost to oil prices. The front-month WTI crude oil contract rallied to a 3-year high of 61.97 before settling at 60.28, up +2.09%. The Brent contract also rose to as high as 68.03 before ending the day at 67.84, up +1.91%. Fuel prices also strengthened despite stock-builds last week. Precious metals remained firm with gold price gaining for a 9th consecutive day.
See the rest here:
WTI Crude Breaches US$ 62/bbl In Asia, Making Fresh 3-Year High
Leave a Reply
You must be logged in to post a comment.