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Oil Gains as Crude Inventories Rise; Gold Pops Ahead of Economic Data

September 4, 2023
in Trade Tube
Reading Time: 1 min read
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Oil prices are gaining after the EIA Petroleum Status Report showed a build in crude inventories by 1.6 million barrels. Independent Trader Cindy Wexler weighs on the drop in crude inventories and how that affects natural gas. Gold rises more than $10 per ounce ahead of a policy announcement from the European Central Bank on Thursday and the US jobs report on Friday. The World Gold Council’s Marcus Grubb addresses Federal Reserve action.

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