Oil Range Trading, Gold Yawns

<p>Oil’s range-trading continues More lightening of speculative long positions was evident overnight, with both Brent and WTI retreating modestly. Despite that, we remain in a range-trading market, a situation that has been in place for nearly three weeks now. Brent crude fell 0.35% to USD55.50 a barrel, and WTI fell 1.0% to USD52.10 a barrel. […]</p>
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