Markets
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Crude at $89.89 holds the day; gold at $4,480 keeps the hedge bid
WTI grinds half a percent higher into the close as gold extends its quiet melt-up. The pegs do what pegs do.
Vitesse:
Karim Al-Rashidi
· 3 min read
WTI settled at $89.89 a barrel, up 49 cents on the session, or 0.49 percent. On any other tape that is a rounding error. On this tape — with Iran-related headlines refusing to leave the front page and Qatari mediation back in the conversation around the Strait of Hormuz — a 0.49 percent day counts as the market exhaling. Implied ranges in front-month crude have been running well wide of half a percent for most of May; today closed inside that range, not outside it.
That is the headline number,…