Oil prices higher with crude reaching $51.86

Oil prices much higher

Today the oil prices climbed, following the estimations that there could likely be an extension of the OPEC's production cut.

Brent crude futures at $51.86

Brent crude futures traded at $51.86 per barrel rising 0.5% or 24 cents. WTI futures approached $48.35 a barrel escalating 0.3% or 13 cents.

Gold prices lower

Gold prices fell during the Asian trading session as the majority of the traders and the investors pay more attention to the FED's rate hikes.

In the New York Mercantile Exchange on the Comex division, April's delivery on Gold traded to $1,232.15 a troy ounce declining 0.15%. Silver futures approached $17.418 a troy ounce easing 0.11%, and copper futures to $2.640 a pound falling 0.56%.

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