Unrefined petroleum Prices May Suffer as Gold Gains Amid Risk Aversion


Posted Friday 20th July 2018 11:47:40 AM by Smaran

CRUDE OIL and GOLD TALKING POINTS:

Raw petroleum costs teeter-totter on Saudi Arabia yield claims

Gold costs discover bolster as Trump talks down US Dollar

Hazard avoidance may hurt oil, help gold as yields decrease

Unrefined petroleum costs wavered yesterday. Early offering weight apparently determined by a more grounded US Dollar was eradicated after Saudi Arabia said fares will drop by 100k barrels for each day in August and expelled oversupply concerns activated after creation ascended by the most in three years a month ago. The move higher unwound by the end of the day nonetheless, at last leaving the WTI benchmark little-changed.
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