Crude Oil:
Crude Oil prices fell from four-year highs reached the previous session, pressured by rising US inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures were trading at $85.85 per barrel, down 44 cents, or 0.5%, from their last close. Brent on Wednesday hit a four-year high of $86.74 a barrel. US WTI crude futures were down 30 cents, or 0.4%, at $76.11 a barrel.
Gold Report
Gold prices moved in a narrow range after losses in the previous session, with robust US economic data and hawkish comments from Federal Reserve policymakers boosting the dollar. Spot gold was up 0.1% at $1,198.16 an ounce, after falling about 0.5% in the previous session. US gold futures were down 0.1% at $1,202.1 an ounce.
Base Metals Report
London aluminium futures rose for a fifth session to trade near their strongest level in more than three months, buoyed by worries the closure of the world’s largest alumina refinery in Brazil will lead to a shortage of the raw material. Three-month LME aluminium was up 1.5% at $2,240 a tonne. The metal surged 4.2% overnight – its largest single-day gain since April. Copper climbed 0.6 percent to $6,304.50 a tonne and zinc added 0.4 percent to $2,661.
