WCU: Oil up as US production falls gold seeking support

The energy sector delivered its first weekly gain in four despite seeing natural gas slump to a 17-year low. Crude oil moved higher supported by falling US production and continued discussion to curb production. Gold traded sideways following weeks of frenzied buying which was supported by its negative correlation to falling stock and oil prices

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/wcu-oil-up-as-us-production-falls-gold-seeking-support-7183910?utm_medium=tf4-feed&utm_source=extract