A 7.43% weekly decline in Brent crude contrasted with weekly gains above 4% for gold and silver Monday, a divergence across commodity markets in an early market snapshot.
At 1:20 a.m. ET (06:20 UTC), spot gold was $4,117.79 an ounce, up 1.16%. Silver was $52.72 an ounce, up 1.62%. Their gains over the past week were 4.3% and 4.14%, respectively.
Brent’s 7.43% weekly loss exceeded WTI’s 6.59%. At the 1:20 a.m. ET (06:20 UTC) snapshot, Brent was $96.84 a barrel, down 1.5%, and WTI was $89.94, down 0.98%.
Gasoline fell 0.57% to $2.76 a gallon and heating oil slipped 0.10% to $4.33; European natural gas rose 1.03% to €86.48 ($96.50) per megawatt-hour but remained 8.86% lower for the week.
