WTI Set for Slight Weekly Loss; Gold Plunges on USD Strength and Rising Yields

WTI climbed little on Friday, aided by bullish OPEC comments and US inventory data from earlier in the week. WTI remained on track for a small weekly loss, with upside restrained by broader risk-off movements. Gold was poised for its worst weekly performance in six weeks due to the strength of the USD and rising US yields.