Turning to Natural Gas, the latest positioning data shows that investment funds cut their net long in TTF by 24.8TWh over the last week to 21.4TWh, the smallest net long held since March 2024, ING's commodity experts Ewa Manthey and Warren Patterson note.

It was a choppy session for the Oil market on Wednesday, but ultimately a relatively bearish EIA inventory report ensured that Brent settled more than 1.4% lower on the day.

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $59.81 per barrel, up from Wednesday’s close at $59.49.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.43 price posted on Wednesday, and trading at $63.74.

West Texas Intermediate (WTI) Oil price inches higher after three days of losses, trading around $59.60 per barrel during the Asian hours on Thursday. However, Oil prices may depreciate further as a significant inventory build heightens oversupply concerns.

Silver (XAG/USD) attracts some sellers following an Asian session uptick to the $48.55-$48.60 region and erodes a part of the previous day's gains. The white metal currently trades around the $47.75 region, down 0.70% for the day.

Gold price  (XAU/USD) declines to near $3,970 during the Asian trading hours on Thursday. The precious metal edges lower as traders weigh the outlook for the US Federal Reserve (Fed) path after the upbeat US economic data.

West Texas Intermediate (WTI) Crude Oil extends its decline for the third consecutive day on Wednesday, slipping below the key $60.00 per barrel mark to hit a one-week low after the latest US Energy Information Administration (EIA) report showed a larger-than-expected inventory build.

Gold (XAU/USD) price rises more than 1% on Wednesday after a slew of economic data was released in the United States (US), which strengthened the US Dollar (USD), but also the yellow metal, which trades at around $3,980 after hitting a daily low of $3,929.

United States EIA Crude Oil Stocks Change above expectations (1.8M) in October 31: Actual (5.202M)

Gold (XAU/USD) holds steady within familiar ranges on Wednesday as a mild risk-off tone across global markets underpins demand for the safe-haven metal. At the time of writing, XAU/USD is trading around $3,965, recovering modestly from Tuesday’s low of $3,928.

West Texas Intermediate (WTI) US Oil trades around $60.80 on Wednesday at the time of writing, gaining 1.0% on the day after dipping to the $60.00 region earlier.

European Natural Gas prices rose again as colder weather and lower wind generation boosted demand expectations, even as storage levels remain below average and speculative interest stays muted, ING's commodity experts Ewa Manthey and Warren Patterson note.

The Oil market came under pressure yesterday, unable to escape the broader risk-off move across markets, ING's commodity experts Ewa Manthey and Warren Patterson note.

Gold (XAU/USD) is trading higher on Wednesday, supported by increasing demand for safe assets, with traders spooked by the sell-off in global equity markets.

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.40 per barrel, up from Tuesday’s close at $60.23.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $64.19 price posted on Tuesday, and trading at $64.37.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.00 during the Asian trading hours on Wednesday. The WTI extends its downside amid a significant increase in US crude inventories.

United States API Weekly Crude Oil Stock registered at 6.5M above expectations (-2.4M) in October 31

West Texas Intermediate (WTI) trades on the back foot on Tuesday as traders digest the latest OPEC+ decision to pause planned supply increases, with lingering oversupply concerns capping upside momentum.

Gold (XAU/USD) holds its ground within familiar ranges on Tuesday, recovering modestly from earlier declines after finding support near the $3,970 zone.

Silver (XAG/USD) declines on Tuesday to around $47.70 per ounce, down 1.10% on the day, after attempting to extend its recent rally beyond the $49.50 level.

West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $60.61 per barrel, down from Monday’s close at $60.90.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.50 after its previous daily close at $64.81.

West Texas Intermediate (WTI) Oil price remains subdued for the second successive day, trading around $60.70 per barrel during the Asian hours on Tuesday.

Gold price (XAU/USD) declines to around $4,000 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back bets for further Federal Reserve (Fed) rate cuts. The Fed’s Michelle Bowman is scheduled to speak later in the day. 

Gold (XAU/USD) kicks off the week on a cautious footing, oscillating within its established $3,900-$4,050 range as traders weigh an evolving macroeconomic backdrop. At the time of writing, XAU/USD is trading around $4,008 after briefly slipping to $3,962 earlier in the Asian session.

West Texas Intermediate (WTI US Oil trades around $60.45 on Monday at the time of writing, down 0.40% on the day, after briefly touching $61.29 earlier in the day.

Silver price (XAG/USD) consolidates in a tight range around $48.70 during the European trading session on Monday. The white metal starts the week on a calm note as investors await a slew of United States (US) economic data releasing this week.

Crude Oil prices slip as OPEC+ halts early 2026 output increases, while a growing global surplus keeps downward pressure on the market, BBH FX analysts report.

Gold (XAU/USD) has bounced from last week's lows below the $3,900 level, yet bulls remain unable to confirm above a previous support area around $4,045 (October 24 low), which leaves price action fluctuating without a clear bias around the $4,000 level on Monday,, with investors awaiting US manufact

Spot Gold comes under renewed pressure as China ends the VAT rebate for gold sales, raising costs for both investors and consumers, ING's commodity experts Ewa Manthey and Warren Patterson note, ING's commodity experts Ewa Manthey and Warren Patterson note.

As widely expected, OPEC+ announced another Oil supply increase of 137k b/d for December. However, the more interesting takeaway from the meeting was the group's decision to pause supply increases through the first quarter of next year, ING's commodity experts Ewa Manthey and Warren Patterson note.