Sentiment Weighed down by Oil Slump; RBA Kept Rates Unchanged but Warned over Aussie Appreciation

Commodities slumped as led by crude oil prices which plunged to lowest levels in a month on dented hopes of production freeze. The front-month WTI contract extended weakness to as low as 35.46 before settling at 35.7, down -2.96%. The Brent contract also declined -2.53%, following a -2.35% drop last Friday. Precious metals fell across the board.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/sentiment-weighed-down-by-oil-slump-rba-kept-rates-unchanged-but-warned-over-aussie-appreciation-2016040532645/