Commodity markets traded mixed on October 19, with crude oil prices slipping on expectations of increased Russian fuel exports, while, gold prices opened the week higher as traders scaled back bets on a Federal Reserve interest rate hike this month.
Oil prices slipped on Monday after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports.
Brent crude futures fell $1.43, or 1.30%, to $108.43 a barrel after settling at its highest since May 19 on Friday.
US West Texas Intermediate crude was at $100.88 a barrel, down 53 cents, or 0.52%.
Gold opened the week higher as traders pared bets on the Federal Reserve raising interest rates this month after remarks by Chair Kevin Warsh.