#commodities:
#oilprices recorded a second day of loss despite a more-than-expected drop in the U.S crude stockpiles on easing Russia-Poland #tension and demand worries from China’s rising #COVID-19 cases. Brent crude futures and WTI futures fell 0.7% to $92.24 and 0.8% to $84.94 a barrel each.
#goldprices traded at the key resistance level at $1,780 on fears of escalating Russia-Ukraine conflict, reducing the safe-haven demand for the yellow metal. Spot gold fell to $1,773.88 while gold futures remained unchanged at $1,777 an ounce. Copper prices also fell as concerns about the COVID-19 outbreak in China.
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