The Commodities Feed: Spot gold tops $4,000/oz for first time
NYMEX WTI continues to swing upward this morning for a fourth straight session with prices trading fairly above $62/bbl, following a mixed inventory report from the American Petroleum Institute (API). Meanwhile, recent reports suggest that rising Ukrainian drone attacks on Russia’s oil refineries have cut down the country’s domestic crude processing while leading to a surge in overseas flows of unprocessed oil.
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