Commodity markets traded mixed on October 26, with oil prices easing after nearing six-month highs last week, while gold steadied after its biggest weekly decline since June.
Oil prices fell on Monday after surging to near six-month highs late last week, although ongoing attacks on Saudi Arabia kept supply concerns in focus.
US crude futures were down $1.60, or 1.55%, at $101.67 per barrel. Brent crude futures were down $1.56 or 1.34% at $115.16.
Prices had settled nearly $3 higher on Friday after Houthi attacks in Saudi Arabia stoked energy supply concerns. Brent finished the week up 6% and WTI ended 2.3% higher.
Gold steadied after its biggest weekly drop since June, with traders weighing stubbornly high energy prices ahead of the Federal Reserve’s upcoming policy meeting.