Oil prices inched higher on Thursday as the market weighed weak demand against supply disruption due to an impending train slowdown in the United States, the largest petroleum consumer in the world.
Gold fails to hold above $1,800 as investors favor riskier assets, while WTI rises by $1.0 on soft US CPI figures
WTI increased by almost $1.0 on Wednesday as risk assets rallied more broadly as a result of lower-than-anticipated US inflation data. The announcement that oil shipments through the Druzhba pipeline have resumed and mixed US inventories limited the upside. Both copper and gold reached new one-month highs, albeit gold ultimately declined due to risk-on movements.