# Commodity News This Week - Pakistan & Gulf Economist

> Oil prices slipped after a surprise US crude inventory draw was offset by a rise in gasoline stocks, with WTI near $52 and Brent near $58. Separately, gold fell to a one-month low as expectations grew for another Federal Reserve rate hike.

- Date: 2017-10-02 · published 2017-10-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5637-commodity-news-this-week-pakistan-and-gulf-economist
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Small crude declines weigh on biofuel-linked vegetable oil values, while firmer rate expectations are a broader macro headwind for commodities.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- pakistangulfeconomist.com: https://www.pakistangulfeconomist.com/2017/10/02/commodity-40/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.