Crude Oil prices eased on Wednesday, with US crude gliding below USD 50 per barrel, fallen by concern that a rally that lasted for most of the third quarter would not rise through the last 3 months of the year. WTI crude oil futures were trading at USD 50 per barrel early morning today, slipping 0.8%, from their last close. Brent crude futures were down0.7%, at USD 55.62 per Barrel.
Meantime, Gold prices rose today after marking a 7-week low in the previous session, buoyed as the dollar pulled back from 45 days high against a basket of currencies. Spot gold had risen 0.3% to USD 1,275.91 an ounce in early trade. U.S gold futures for December delivery also have grown 0.3% to USD 1,278.60 per ounce.
Among other precious metals, silver jumped 1% to USD 16.76 an ounce, while Platinum was about 1% higher at USD 915.50 an ounce, and palladium climbed 0.7% to USD 921.30 an ounce.
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