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Oil Prices Slip on Supply Outlook While Gold Rebounds Over 1 Percent As Dollar Eases
M
Moneycontrol•15-10-2026, 08:56
Oil Prices Slip on Supply Outlook While Gold Rebounds Over 1 Percent As Dollar Eases
- •Oil prices fell more than $1 a barrel in early trade as investors weighed supply risks against US efforts to ease shipping costs.
- •Brent crude futures dropped 1.31% to $104.67 a barrel, and US West Texas Intermediate crude fell 1.07% to $94.07.
- •Gold rebounded more than 1% from a one-week low, supported by a weaker US dollar and ongoing assessment of Federal Reserve interest rate moves.
- •Spot gold rose 1.3% to $4,158.63 per ounce, while US gold futures for December delivery increased 1.8% to $4,180.00 per ounce.
- •The US dollar slipped from an 18-month peak despite hot inflation data, as traders scaled back expectations of an October rate hike.
Key Questions Answered
Oil prices declined as investors weighed supply risks from attacks on shipping through the Strait of Hormuz against US efforts to reduce petroleum shipping costs by easing vessel sanctions.
Spot gold rebounded more than 1% to $4,158.63 per ounce, supported by an easing US dollar after hitting a one-week low on Wednesday.
The consumer price index rose 0.6% on a monthly basis, marking the fastest pace since April, driven primarily by elevated energy costs.
