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Oil steady, gold range-trades

Oil is steady in Asia Oil’s intraday gains overnight were pared back in New York as US yields and the US dollar climbed, leaving both Brent crude and WTI slightly lower for the session. Brent crude finished 1.05% lower at USD 119.95 a barrel, and WTI finished 1.10% lower at USD 119.00 a barrel.

07-06-2022 05:21 GMT by Jeffrey Halley

Oil edges lower, gold stable

Oil pares gains as China continues reopening Oil prices are slipping a little on Monday after stalling just above USD 120 a barrel. Clearly, traders were not overly impressed by the OPEC+ output hike last week once the details of the deal were released.

06-06-2022 13:23 GMT by Craig Erlam