This week's inventory report from the US Energy Information Administration is likely to have played a major role in preventing Oil prices from slipping noticeably below the level seen before the escalation of the Middle East conflict, Commerzbank's commodity analyst Barbara Lambrecht notes.
European natural gas prices continue to sell off, with Title Transfer Facility (TTF) falling 3.89% yesterday, ING's commodity experts Ewa Manthey and Warren Patterson note.
The Pound Sterling (GBP) holds onto gains near a fresh three-year high around 1.3770 against the US Dollar (USD) during European trading hours on Friday.