West Texas Intermediate grade of crude oil rallied today on speculations that US inventories shrank. Brent crude fell. Clashes of Iraqi army with Islamist militants also helped WTI to gain. The United States consider bringing military forces into the country. July futures for delivery of WTI oil rose $0.21 (0.20 percent) to $106.57 per barrel as of 00:56 on NYMEX today. Brent declined $0.16 (0.14 percent) to $113.29 per barrel on ICE.
Gold, which was previously rising with help of tensions in Iraq, did not profit from the situation this time. The most likely reason for such behavior is the
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