Market swings: oil down gold up
On October 19, 2026, oil prices declined due to expectations of increased supplies of Russian fuel following American exemptions from sanctions and import tariffs imposed on Moscow. Brent crude dropped by 2.02% to $107.06 per barrel, while West Texas Intermediate fell by 1.83% to $99.55, amidst fluctuations caused by geopolitical tensions and sanctions decisions. Conversely, gold prices rose, supported by the decline in oil and its impact on inflation expectations, reaching a slight increase to levels above $4,175 per ounce. Investors are closely watching the prospects of a US interest rate hike and ongoing inflation pressures resulting from rising import prices in September.
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