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Oil prices fall, gold stalls
Oil slips amid easing geopolitical risk and China woes Oil prices are slipping as we move through the week, with easing geopolitical risk and Chinese demand weighing. Prices spiked earlier in the week after missiles landed in Poland, risking a dramatic escalation in the war in Ukraine.
by Craig Erlam
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Oil slides, gold softens
Oil Yesterday’s bullish triggers for oil prices were quickly undone today. ​ Oil prices declined after flows from the Druzhba pipeline resumed and preliminary analysis of the missile that killed two in Poland was likely an errant missile fired by Ukraine’s defense system. ​ It looks like we aren’t seeing an immediate escalation from the Russians and that has tentatively removed some of the short-term supply risks. Oil struggled for direction after a mixed EIA crude oil inventory report as stockp
by Edward Moya
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