#shorts | Oil Prices Tick Up Following Surprise Drop in US Crude Stocks #oilprice #zeebusiness
hello and welcome to Z commodity capsule
uh oil prices have been trading slightly
higher and mostly steady towards
$885 a barrel as far as Ben crude is
concerned clearly industry data has
showed some surprise drop in US crude
stocks of course we’ll be awaiting the
energy Department data which is due
today but markets continue to keep a
close eye on the hostilities in the
Middle East which have uh recently not
escalated because of which we are seeing
that crude prices are holding on to a
certain level and not really showing
much volatility coming on to gold prices
they are keeping in a very close tight
range because of further losses in the
yellow metal were limited by weaker
dollar we saw dollar Index slipping
under 106 Mark which is continuing to
lend some support anticipation of more
cues of interest rate kepts tra Traders
vary of the yellow metal
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
#commoditymarket #shorts #zeebusiness
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