Crude oil price is likely to dip as the US is moving towards releasing 50 million barrels from its national strategic reserve.
Crude oil prices have surged above $80 per barrel, driven by high fuel demand and a supply shortage following the global economic rebound from the Covid-19 pandemic.
Gold was this week being traded at around $1,800 to $1,885 per ounce, with this expected to rise given the highest US inflation rate in 30 years.
CNBC quoted
