Oil Prices Mixed Amid Worries over Growing Supplies | Today Commodity Market News Outlook 30 May 2018.

Commodity Opening Bell

Bullion - Opens on negative Note Gold -31050-31070 Silver - 39880-39920 

Energy - Opens on negative Note Crude Oil - 4500-4520 Natural Gas - 197-197.40 

Base Metals - Opens on negative Note Copper -457-458 Nickel - 995-997 Lead -163.80-164 Zinc - 207.30-207.50 Aluminium -153.20-153.30

Commodity Market News

Oil prices were mixed in early Asian trade on Wednesday, with worries that Saudi Arabia and Russia will pump more crude weighing on the market.

Saudi Arabia and Russia have discussed raising OPEC and non-OPEC oil production by 1 million barrels per day (bpd) to counter potential supply shortfalls from Venezuela and Iran.

Brent crude was down 1 cent at $75.38 a barrel by 0015 GMT, after settling up 9 cents on Tuesday.

U.S. West Texas Intermediate crude was up 13 cents, or 0.2 percent, at $66.86 a barrel, having earlier settled down $1.15.