Gasoline inventories fell by about 4.32 million barrels, following a 4.584 million decrease in the prior period and above analysts’ expectations of 3.036 million barrels decline.
WTI Crude Oil (OIL.WTI) bounced off the $42.28 support level after the release of today's EIA report and is currently testing the $42.71 resistance level. Source: xStation5
Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30
Silver rallies 3% 📈 A return of bullish momentum in precious metals?
Daily summary: Weak US data drags markets down, precious metals under pressure again!