Russia
OPEC+ ready to move forward with scheduled output increase in May
West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel
Bullion recorded an all-time high of $3,057.21 per ounce on Thursday and has climbed about 1.5 percent so far this week
U.S. oil demand remained strong as distillate inventories fell more than expected by 2.8 million barrels
So far this year, gold has recorded 16 record highs, four of which were above the $3,000 milestone
The Fed is expected to maintain interest rates at 4.5 percent amidst economic uncertainty
Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged
West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel
U.S. consumer sentiment hits two-and-a-half-year low as inflation expectations rise amid tariff fears
Expectations of lower Russian oil supply in the near term provided some support to oil prices
Bullion is on track for a second consecutive weekly increase, rising 2.5 percent so far this week
