ASIA-PAC COMMODITIES UPDATE: Oil futures attempted to nurse some losses after recent bearish OPEC+ headlines
WTI/Brent: WTI Jun'25 +0.4% / Brent Jun'25 +0.4%
- Oil futures nurse some of the prior day's losses after tumbling on bearish supply-side headlines including reports that some OPEC+ members want the group to approve another accelerated output increase for June at the next meeting.
Gold: +2.0%
- Rebounded overnight amid a softer dollar and reclaimed the USD 3,300/oz level as buying returned following the 2-day slide from record highs seen earlier in the week.
Copper: Flat
- Trades rangebound with price action indecisive after recent upward momentum stalled and amid the mixed risk appetite in Asia.
24 Apr 2025 - 04:14- EnergyAsian Research- Source: Newsquawk
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