Crude oil was the standout as London closed, with USOil up 4.62% to $89.47 and UKOil up 4.43% to $94.11. Precious metals moved the other way, and European equities finished broadly in the red.
Energy and metals split
Both crude benchmarks extended a strong run: USOil is up 9.95% on the week and 36.9% over the year, while UKOil carries a 9.12% weekly gain.
Metals told the opposite story. Palladium led the session’s losers at -4.76% to $1,304.28. Silver dropped 3.77% to $64.08, platinum fell 2.9% to $1,742.98, and gold slid 2.79% to $4,328.37.
The weekly picture reinforces the pullback: silver is down 7.05% and gold off 6.39% over five sessions. Both still hold longer-run gains, with silver up 56.82% and gold up 22.62% on the year.
Equities lower across the board
European indices closed down. The DAX 40 led losses at -1.49% to 25,824.86, with the Euro Stoxx 50 off 1.04% to 6,341.58 and the IBEX 35 down 0.97%. The CAC 40 fell 0.58% and the FTSE 100 slipped 0.65% to 10,750.27.
Wall Street tracked lower alongside Europe. The Nasdaq 100 fell 1.26% to 29,078.75, the S&P 500 dropped 0.74% to 7,635.71, and the Dow eased 0.81%. Asia had set the tone earlier, with the Nikkei 225 down 1.46% to 64,842.25.
Dollar firm, crypto soft
The dollar edged higher across majors. EURUSD fell 0.26% to 1.15874 and GBPUSD dropped 0.26% to 1.35126, while USDCAD rose 0.34% to 1.38989 and USDCHF gained 0.34%. USDJPY added 0.28% to 160.19.
Among the smaller currencies, USDZAR climbed 1.17% on the week and USDNOK slid 0.3% on the day as the krone tracked firmer crude.
Crypto was mostly lower. Solana dropped 3.6% to $99.25, XRP fell 2.55% to 1.3435, and Ethereum lost 2.21% to $2,412.26. Bitcoin eased 1.83% to $77,106.91, though it holds a 21.52% monthly gain. UNIUSD bucked the trend with an 11.8% jump to $5.844.
Metals remain the session’s clear weak spot, while crude continues to lead the tape into the close.
