FXstreet.com (London) - Oil trading very thin as usual in Asian trade, with major players waiting for liquidity provided in Euro and US sessions. WTI/Brent still trades at $73/$72 approximately. Crude trading largely on the strength of the Dollar right now ahead of any DOE of API oil stocks data.
Oil has been set back recently by warmer climate, after a sudden cold snap bolstered prices. Now trading on Dollar tecnhicals and watching for consumption cues tied to macro data. Notably crude oil still trading what OPEC has called a 'comfortable' level between $70 and $80.
Front month WTI currently trades at around $73, having traded tightly range bound this session.
Gold bullion has firmed since bouncing off session lows. The precious metal currently trades at $1098, same level it was trading at on the open today. Bullion has traded range bound this session with little significant flows.