Commodity Roundup: Move higher in oil appears to be running out of steam – ING

wdc tv news staff
Commodity Roundup: Move higher in oil appears to be running out of steam – ING

Jan. 07, 2025 5:45 AM ETBrent Futures (CO1:COM), CC1:COM, GLDIAU, UCO, SLV, SIL, MDLZ, HSY, USO, GDX, DBO, UNG, FCG, JJCTF, USL, SCO, LDSVF, SGOL, SIVR, GDXJ, UNL, PHYS, COPX, BYCBF, BNO, NSRGY, PSLV, NUGT, BOIL, KOLD, CPER, RING, OUNZ, SILJ, GUSH, DRIP, USOI, BAR, GLDM, AAAU, CL1:COMBy: Arundhati Sarkar, SA News Editor

Torsten Asmus/iStock via Getty Images

Analysts at ING still see oil prices trending lower through the year, adding that the move higher in crude oil prices appears to be running out of momentum, although Brent (CO1:COM) continues to trade above $76/bbl.

While there has been some tightening in


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