Oil Falls More Than $1 as Gold Rebounds Over 1%
Oil prices fell more than $1 a barrel in early trade as investors weighed Strait of Hormuz shipping risks against US efforts to ease sanctions on vessels. Gold rebounded more than 1% as the dollar eased.
Commodity markets traded mixed on October 15, with oil prices falling more than $1 a barrel in early trade as investors weighed supply risks from attacks on shipping through the Strait of Hormuz against US efforts to ease sanctions on vessels to reduce petroleum shipping costs. Meanwhile, gold rebo…