Original post:
Gold slips, but on track for 3rd monthly gain on pandemic fears
Author: WaldoBass9
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Saudi’s Exports Cut Merely A Trick
In the commodity sector, crude oil expended gains for a second consecutive day. The front-month WTI crude oil contract settled above US 50/bbl again, gaining +2.7%. The Brent crude contract added +1.47%. The market was thrilled by the new reports that Saudi Arabia has cut November export allocations by 560K bpd and OPEC is persuading some independent US oil producers and hedge funds to join balancing demand/supply.
Original post:
Saudi’s Exports Cut Merely A Trick