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Commodities Brief: Oil closes sharply higher as “risk on” assets find steady buyers

The “risk on” theme across global markets continues to benefit oil prices which closed up 1.83% to finish at 94.42. Oil prices are now 10% above the previous lows made at 85.90 back on April 18th. Precious metals also managed finish higher, with gold closing up 0.60% at 1475, while silver added 2.28% to finish at 24.57. On a final note, US Equities continue to add to recent gains, with the S&P 500 closing up 11 points at 1593.60.
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