Commodity Capsule: Oil prices slip from near 10-month high; gold edges higher; copper rises | Watch video
Commodity Capsule: Markets turned cautious before US inflation data due later this week, which is largely expected to factor into interest rates.
Commodity Capsule: Oil prices fell from a 10-month high on Monday, under profit-taking after a stellar rally over the past month.
Bets on tightening supplies still kept Brent above key levels.
Markets turned cautious before US inflation data due later this week, which is largely expected to factor into interest rates.
A Federal Reserve meeting is on the radar this month.
Oil prices saw a strong run-up last week after Saudi Arabia and Russia announced deeper-than-expected supply cuts for the remainder of the year.
Uncertainty over interest rates and fears of a potential drop-off in US demand kept markets on tenterhook.
Focus this week is on monthly reports from the Organisation of Petroleum Exporting Countries and the International Energy Agency.
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