Gold, silver and platinum hit record highs as investors look for Santa rally; oil climbs amid Venezuela blockage – business live
Rolling coverage of the latest economic and financial newsThe oil price has hit its highest level in two weeks, driven up by robust US economic growth and the risk of supply disruptions from Venezuela and Russia.Brent crude has gained 0.5% this morning to $62.72 per barrel, the highest since 10 December.“What we’ve seen over the past week is a combination of position squaring in thin markets, after last week’s breakdown failed to gain traction, coupled with heightened geopolitical tensions, including the US blockade on Venezuela and supported by last night’s robust GDP data.” Continue reading...
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Rolling coverage of the latest economic and financial news
The oil price has hit its highest level in two weeks, driven up by robust US economic growth and the risk of supply disruptions from Venezuela and Russia.
Brent crude has gained 0.5% this morning to $62.72 per barrel, the highest since 10 December.
“What we’ve seen over the past week is a combination of position squaring in thin markets, after last week’s breakdown failed to gain traction, coupled with heightened geopolitical tensions, including the US blockade on Venezuela and supported by last night’s robust GDP data.”
Continue reading...
