Oil continues its downward trend, driven by relentless pressure on prices due to significant and long-term surpluses of the commodity in the market. Some investors were waiting for the monthly OPEC report as a source of information to support demand, but these proved insufficient.
As a result, WTI and Brent oil contracts are losing about 1.4%.
OIL.WTI (H1)
Source: xStation5
Cocoa loses 5% amid rising inventories on ICE
Oil gains 3% amid US - Iran escalation and supply disruption on the Black Sea
๐ผ Gold gains 1.7%
๐ข๏ธBrent Crude Oil Tests $95 per Barrel