WTI Crude

Precious metals rose for much of the European session fuelled by volatility in currency markets and political uncertainty.

Brent, WTI futures jump as market prices in fresh output cuts by major oil exporters.

Brent, WTI futures ticked higher as the market soaked in near-certainty of fresh output cuts by major oil exporters.

Many money managers were withdrawing bets on higher oil prices before Saudi-Russian announcement reignited interest.

Prospect of rising US shale production continues to neuter possible price boost from Opec output cut extension.

Tug of market direction between higher US oil production and Opec output cuts is in full play.

Brent and WTI register steep declines as market continues to give more weight to rising US shale production.

Quotes from key producers over possible output cuts fail to fire traders' imagination.

Market chatter on fresh Saudi-Russia pact stems oil price decline as threat from rising US shale production rises.

Risk-driven safe-haven rally ends as gold declines by over $10, faced with a stronger greenback.

Rise in supply of Chinese steel made from cheaper iron ore and global oversupply have triggered a heavy drop in ore prices.

As the greenback slid on the president's comments, safe-haven investors extended gold trades.

Geopolitical risk remained the primary driver of major commodities contracts with gold leading the way.

Escalating war of words between Russia and the West, plus North Korea and Brexit, send gold up by nearly $20.

Commodities market sees a barrage of safe-haven calls with substantial spikes in precious metal and oil futures.

Bearish data from US failed to halt gains in oil market as traders speculate over extension of Opec cuts.

As the dollar strengthened, gold futures and spot price took a tumble.

Worries over French presidential election, Trump and Brexit drive gold market sentiment as the dollar weakens.

Traders are also awaiting the RBA's monetary policy decision which is expected to be announced later in the day.

Investors remain concerned over Donald Trump's first meeting with Chinese President Xi Jinping this week.

Slow day in commodities sees oil and gold futures register most moves as dollar remained strong intraday.

China manufacturing PMI climbed to 51.8 in March, marking the highest levels seen in almost 5 years.

Investors are also concerned over ECB policymakers being wary of changing their policy.

Invocation of Article 50 by London did not pull in a flurry of bets on gold as precious metal prices tumbled.

Soundbites from Opec suggest an extension of output cuts likely with low oil price causing dissension in ranks.

Investors hope the US president goes ahead with his other planned stimulus policies.

Mohammed Saleh Al-Sada tells Qatar-UK Business Forum that Opec cuts have been successful and need to be extended beyond Q3 2017.

Investors are said to doubt Trump's ability to push through major reforms.

US president greenlight's controversial 4th phase of pipeline, rejected by President Barack Obama in 2015.

The vote on whether Obamacare should remain or be replaced will be held later in the day.