The oil market is within an upward trend on Monday due to the news from Libya. Libyan State Oil Company "National Oil Corp." reported the day before that the army of General Khalifa Haftar had blocked the main pipeline.
Gold maintains a moderately upward-oriented movement vector, as investors doubt the potential success of the interim trade agreement between the United States and China, and fear a trade conflict in the future.
The oil market partially recovered after the WTI and Brent quotes fell to 5-week lows.
During the Asian session on Thursday, the price of gold fell after the US and China signed an interim trade agreement.
Oil today is constrained in a narrow range, reacting poorly to the publication of the API weekly report according to which last week US oil reserves grew by 1.1 million barrels. Later today, the weekly report of the Ministry of Energy will be published. Experts predict a decline in stocks of almost 0.5 million barrels.