Crude oil prices rose by more than $3 a barrel on Wednesday following the latest US inventories data while gold regained the $1,000 level as sentiment towards commodity markets found support from renewed dollar weakness.
Oil prices were volatile on Wednesday with Nymex November West Texas Intermediate closing up $3.90 at $70.61 a barrel and ICE November Brent gaining $3.58 to $69.07 a barrel.
