Gold Collapses, Oil Shows Small Gains….WEDNESDAY NEWS HIGHLIGHTS BY ROYAL TRADERS

WEDNESDAY NEWS HIGHLIGHTS  : 

Oil markets were having another heady session until hitting a brick wall when President Trump called off stimulus talks. Oil abruptly reversed course, but both Brent and WTI still managed to finish the day marginally in the green. The main reason for their outperformance is Hurricane Delta, which is gathering strength in the Caribbean and expected to make landfall in the southern US on Friday. For once a hurricane did not cause extensive damage, and it is likely to continue supporting prices into the week’s end. That premium could quickly disappear though if it passes without inflicting extensive damage on US oil infrastructure.

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