Crude Oil Inventory Surprisingly Rose for Another Week, RBNZ Trims OCR, Expects More to Come

Crude oil declined on disappointing US oil inventory. The front-month WTI contract fell for a second straight day, by -2.48%, to 41.71 at low, while the Brent contract was down -2.07%, settling at 44.05 for the day. Precious metal prices climbed higher as US dollar weakened. The benchmark Comex gold contract added +0.4% and the silver contract gained +1.62%. PGMs were more resilient with the Nymex platinum and palladium contracts rising +2.08% and +4.62% respectively.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-oil-inventory-surprisingly-rose-for-another-week-rbnz-trims-ocr-expects-more-to-come-2016081133408/