ASIA-PAC COMMODITIES UPDATE: Oil prices are lacklustre after slumping on a source report that Saudi briefed allied it can sustain a prolonged period of low oil prices
WTI/Brent: WTI Jun'26 +0.1% / Brent +0.2%
- Oil futures are rangebound and languish around the prior day's trough after slumping amid source reports that Saudi officials briefed allies and industry experts that the kingdom can sustain a prolonged period of low oil prices.
Gold: -1.2%
- Gold prices continued to retreat following the recent pullback to beneath the USD 3,300/oz level and after the precious metal notched its fourth consecutive monthly gain.
Copper: +0.1%
- Trades sideways amid the mass holiday closures in the region including its largest buyer, China, which is shut for a five-day weekend.
01 May 2025 - 03:20- EnergyAsian Research- Source: Newsquawk
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