Global commodity markets showed mixed movements on Wednesday, with oil extending its recent gains while gold remained largely stable amid volatile trading.
Oil Markets
Oil prices continued their upward trend.
- Brent crude (June delivery):
Rose $0.52 (+0.47%) to $111.78 per barrel at 01:54 GMT
July contract: up 0.4% to $104.84 per barrel - West Texas Intermediate (WTI) crude (June delivery):
Increased $0.57 (+0.57%) to $100.50 per barrel
Gold Market
Gold prices were mostly steady, with slight gains following recent losses.
- Spot gold:
Up 0.1% to $4,597.07 per ounce (02:43 GMT)
Previously touched its lowest level since April 2 - U.S. gold futures (June delivery):
Unchanged at $4,610.20 per ounce
Other Precious Metals
Performance across other metals was mixed.
- Silver: +0.8% to $73.64 per ounce
- Platinum: −0.4% to $1,930 per ounce
- Palladium: −0.4% to $1,453.91 per ounce
