Oil shakes off sentiment hit
Oil is continuing to push higher as traders price in a modest economic impact from omicron. The OPEC+ meeting this week supported the view and the price of oil is now not far from its October peak, with WTI closing in on USD 80 for the first time in almost two months.
The knock to broader market sentiment from the Fed minutes is not reverberating around the crude market, with prices up more than 2% on the day and backed by momentum.
Gold hit hard by Fed minutes
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06-01-2022 13:29 GMT
by Craig Erlam
