Oil Prices Drop on Uptick in US Production | Today Commodity Market News Outlook 19 Jan 2018.



Bullion - Opens on negative Note Gold -29600-29610 Silver -38900-38950 

Energy - Opens on mixed Note Crude Oil -4025-4030 Natural Gas -202.50-203 

Base Metals - Opens on negative Note Copper -452-453 Nickel -788-790 Lead -165.50-165.80 Zinc - 217.20-217.30 Aluminium -142.50-142.60




Gold prices edged up on Friday, supported by a weaker dollar amid worries about a possible U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks.

Spot gold was up 0.3 percent at $1,331.10 an ounce by 0324 GMT. Gold on Thursday touched its weakest level since Jan. 12 at $1,323.70, having fallen from recent four-month highs.

Oil prices fell on Friday on a bounce-back in U.S. production, but ongoing declines in crude inventories curbed losses in the market.

Brent crude futures were at $68.78 at 0128 GMT, down 53 cents, or 0.8 percent, from their last close. On Monday, they hit their highest since December, 2014 at $70.37 a barrel.

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