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Crude Oil Falters, Increased Caution Supports Gold

Val Kensington
Crude Oil Falters, Increased Caution Supports Gold

Crude oil started this week on a stronger note by rising to 3.5-year high levels on Monday but lost strength as the week progressed. After a pullback on Tuesday, crude oil started May 23 on a weaker note and traded with weakness in the early hours. Supply fears amid geopolitical tensions supported crude oil prices at the beginning of the week.