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The U.S. dollar index fell 0.33 percent from more than a two-week high it hit in the previous session
Trump revoked Chevron's Venezuela license, halting imports and reinstated pressure on Iran's oil exports
Crude Oil WTI Futures, set to expire in March, also saw a gain of 0.4 percent, reaching $68.53
Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure
West Texas Intermediate (WTI) crude futures fell 0.4 percent to trade at $69.97 per barrel
The EIA reported on Thursday that U.S. crude oil stockpiles rose, while gasoline and distillate inventories fell last week
Gold was trading near its all-time high of $2,946.85 it hit on Wednesday
Analysts forecasted that about 2.2 million barrels of crude was added to U.S. stockpiles in the week ended on February 14
Riyadh hosted on Tuesday discussions between Russian and U.S. representatives
Spot gold dropped 0.2 percent to $2,928.52, while U.S. gold futures fell 0.1 percent
West Texas Intermediate crude futures also experienced a 0.3 percent rise, reaching $72.03 per barrel
Saudi welcomed last week's Trump-Putin phone discussion, aiming to unite both leaders in the Kingdom
