Oil: Softer path for Brent and WTI as Hormuz reopens – Rabobank

Rabobank’s energy strategists Joe DeLaura and Florence Schmit cuts Brent and WTI (West Texas Intermediate) forecasts after the Versailles MoU (Memorandum of Understanding) and gradual reopening of the Strait of Hormuz.
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$4,000: Major level comes into focus as stronger US Dollar weighs on Gold

Gold (XAU/USD) trades on the back foot on Monday, pressured by a stronger US Dollar (USD) and rising expectations that the Federal Reserve (Fed) could raise interest rates later this year.
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