Oil return to channel $93; Gold and silver rose.
Global markets witnessed cross-directional swings in trade on Wednesday under the influence of ongoing geopolitical tensions and changing expectations of US monetary policy. Brent oil reached 93 dollars. In the precious metals market, gold and silver made up for some of the previous day's decline; While copper moves towards $6.30 supported by supply constraints in China and demand related to AI infrastructure.
According to Sena, the price of Brent crude rose by about 1% in trading on Wednesday and reached the range of $93 per barrel. This growth occurred after oil prices fell to a 10-week low in the previous trade. The continuation of tensions in the Middle East is still one of the factors supporting the oil market.
On the supply side, the American Petroleum Institute (API) reported last week an increase of 9 million barrels of crude oil reserves in this country; An issue that can create downward pressure on prices in the face of geopolitical factors.
reporting details.