Oil prices higher in EU session

The price of oil today, during the European trading session, aimed higher, thus regaining momentum from its one-month low, following the declination in gasoline and oil stockpiles in the U.S.

WTI crude oil at $47.91

The WTI crude in the U.S., by 4:05 AM ET, for June was at $47.91 a barrel, amid the U.S. benchmark settling lower for the second consecutive day after having approached its weakest zone at $47.35 since March 27.

On the ICE Futures Exchange in London, Brent oil for delivery in July traded to $50.83 a barrel adding 37 cents.

Elsewhere, June's heating oil reached $1.481 a gallon rising 1.3 cents, gasoline stabilized at $1.535 a gallon, and natural gas futures for delivery in June approached $3.191 per million British thermal units escalating 0.4 cents.

Gold struggles at 3-week low levels

The precious metal, gold, continued struggling close to its three-week low level in the EU trading session, amid the traders and the investors waiting for the FED's policy meeting on rate hikes.

Gold futures traded to $1,256.10 a troy ounce losing 0.1% or $1.00, while spot gold approached $1,254.80. Silver futures reached $16.89 a troy ounce rising 0.4% or 6.6 cents.

Copper futures traded to $2.612 a pound falling 2.3 cents, palladium to $817.62 adding 0.5%, and platinum to $923.90 shedding 0.2%.

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