The release of crude oil inventories earlier today showed a surprise increase in the number of barrels.
The yellow metal reached the highest levels in 6 years amid the global risk aversion.
The yellow metal could not stay for a long time near the $1,401 level.
The organization of the petroleum exporting countries (OPEC) and non-OPEC oil producers (Russia) will meet on July 1-2.
The dovish Fed pushed the price for the yellow metal up.
The price for the yellow metal has crossed the level at $1,341.
Find out the main drivers for this week
The price for WTI has risen to its highest levels since the beginning of May.
On Wednesday, the yellow metal managed to extend gains for the fourth consecutive day, while other metals are going down…
On Tuesday, the yellow metal slumped in Asia due to the fact stocks revived having dived yesterday on American leader’s threat to increase levies on Chinese goods…