Oil edges lower, gold claws upwards Posted 57 minutes ago Share Print 0 Oil markets retreat from the highs Brent crude and WTI both rose initially overnight, touching USD72.00 and USD70.00 a barrel, respectively. However, they could not sustain the momentum ultimately and finished the session lower. The price action suggests that either some option strikes or stop losses were taken out before reversing. Brent crude and WTI finished 0.20% lower at USD71.45 and USD69.25 a barrel. Both contracts remain under pressure in Asia, falling another 0.80% to USD70.90 and USD68.70 a barrel, respectively. The price action has all the…
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