ASIA-PAC COMMODITIES UPDATE: Oil pares back as US attack on Iran doesn't happen
Crude Oil: WTI Jul'25 U/C, Brent Aug'25 U/C
- Initially saw gains on fears of the US joining the attack on Iran, with some reports suggesting it could be imminent. However, the attack ultimately did not take place and as such crude prices trimmed the earlier upside, although the situation remains fluid, with Iran using its latest hypersonic missiles against Israel.
Gold: -0.2%
- Trimmed earlier gains as markets await the US attack on Iran. Spot gold traded in a USD 3,378.89-3,395.79.oz parameter, within yesterday's USD 3,365.79-3,403.08/oz parameter.
Copper: +0.1%
- Trading within narrow ranges and off earlier lows as the contracts track global risk sentiment amid fluid geopolitics.
18 Jun 2025 - 03:10- EnergyAsian Research- Source: Newsquawk
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