Oil market has expressed surprisingly calm reaction on messages, that OPEC+ will extend production cuts agreement and USA and China will restart trade talks. And so far oil is being traded in the red mostly.
Brent and WTI crude grades are opening the week with growth due to double support from outcome of G20 summit and OPEC statements.
Gold starts a new trading week with a decline of more than 1.7%, amid a significant drop in demand for risk-free assets.
On Thursday, gold was trading in a very narrow price range, amid a lack of important news on the market that could give a more directional impulse to price movement.
On Wednesday, gold was trading in a fairly narrow price range, remaining under pressure from the dollar and receiving support from the current situation on the stock markets.
Oil market has closed trading session on Wednesday in the green on the back of publishing of a very good data of industry statistics from the U.S.
Oil market has closed yesterday’s trading session mixed.