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Brent Crude just touched $60pb

Brent @$60 earlier.

Oil hits highest levels since 2015 amid tightening markets, Saudi purge

Shell looks beyond road fuels to secure future of refining

OPEC, allies unlikely to delay decision on oil cut extension

Oil prices fall for fourth day after U.S. crude stocks rise

USD Crude Oil Inventories -5.6M -3.2M -3.4M

Oil prices hit highest since 2014, but analysts warn of overheated mkt

USD Crude Oil Inventories 1.8M 2.8M 1.9M

Oil to edge higher in 2018 as OPEC cuts help offset U.S. supply growth: Reuters poll

GBP/EUR trying 1.15 again.

Brent crude oil futures above $70 per barrel on Middle East tension

Or a couple of hours later :- Oil prices fall as U.S. trade dispute with China looms

Goldman Sachs today:
Our commodities team is bullish on gold for the first time in more than five years based on higher inflation, rising EM wealth and concerns about an equity correction. While our economists are more bullish than Bloomberg consensus on expected 2018 Fed hikes (four vs. three) - we believe gold could actually outperform once the tightening cycle is complete. Normally in a rising gold price environment we would recommend more leveraged names; however, with under-investment and the need to invest in replacement production, any excess cash flow is likely to go to higher capex. Because of this, we select stocks with a solid or growing production profile and low costs, where those with any excess free cash flow that can be returned to investors and grow dividends could be relative outperformers.
For the first 30-40 days of an equity sell-off, the average gold response has tended to be quite small. After this, we tend to see a stronger hedging response, and by the time the typical equity market hits its trough, gold is up over 7.5% on average. In summary, it can take time for gold to start to act like a hedge, but when it finally does, it has functioned well. In this context, our team is not particularly concerned about the recent lacklustre gold performance. Even if equity markets continue to weaken (and there are tentative signs that they might not), gold should eventually start to strengthen. One reason for this dynamic may be that gold is first and foremost a hedge against systematic risks. If a sell-off is brief, then it can be attributed to equity-market-specific factors such technical positioning, profit-taking or temporary liquidity issues. If the sell-off continues, then it is more likely to reflect (or contribute to) fundamental risks, such as the rising probability of a recession. In this case, demand for safe-haven assets tends to go up, boosting the price of gold.
We upgrade our sector view to Attractive on GS’s bullish gold outlook. We upgrade Fresnillo to Buy and add it to our Conviction List. We remain Buy (on CL) on Centamin. We also upgrade Randgold and Sibanye Stillwater to Buy (SGL onto CEEMEA FL) and remain Buy on Polymetal and Polyus."

Oil falls as focus moves to prospect of higher supply

Strike at Total's UK offshore oil platforms set for Monday - union

Oil prices drop on oversupply concerns as OPEC output increased in July