ASIA-PAC COMMODITIES UPDATE: Oil prices lack firm direction amid the cautious mood and recent mixed private inventory data
WTI/Brent: WTI May'25 +0.2% / Brent Jun'25 +0.1%
- Oil prices lack direction amid the cautious risk tone and after mixed private sector inventory data.
Gold: +0.9%
- Notched another fresh record high amid a softer dollar and further bullish calls on the precious metal with ANZ raising its six-month forecast to USD 3,5000/oz from USD 3,200/oz and sees prices reaching USD 3,600/oz by year-end.
Copper: -0.6%
- Demand is subdued owing to the mostly negative risk sentiment and with its largest buyer pressured as US-China trade war tensions simmer.
16 Apr 2025 - 04:17- EnergyAsian Research- Source: Newsquawk
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