Commodity Market Update (Crude Oil)

On COMEX, precious metals are trading mixed since morning ahead of FOMC Meeting Minutes release. Actively traded Gold trading at 1292.30, down 2.20 points or 0.17% while front month Silver futures rose 2 cents to trade at 19.42 after having a small range of trading sessions. Base metals are tumbling on the LME and continued their previous session losses. 3-month Nickel is worst performing among the group, plunged 1.77% or 353 points to trade at 19541.00 while Copper and other metals followed the Nickel and losing more than half a percent each. WTI Crude Oil climbed to the highest intraday level in a month after industry data showed crude inventories slid in the US and trading at 103.11, up 0.78 points or 0.76% per barrel while NYMEX Natural Gas is trading silent at 4.545 with negative bias. EIA is set to release their weekly Crude Oil Inventories report tonight at 8.00PM with analysts forecast of +0.01 Mbd.