Oil and gold prices rose earlier in Asia
Oil prices earlier in Asia on Wednesday rose slightly. Supporting quotes had statements of Iran and Iraq, who on Tuesday made it clear that they are willing to maintain a steady level of oil production within OPEC agreement.
Such an outcome, however, still does not meet the demand of Saudi Arabia on a comprehensive reduction of oil production. OPEC meeting will be in Vienna later on Wednesday, as the secretary general of the cartel has to hold a press conference around 16:00 GMT.
"Oil prices remain vulnerable to further falls as OPEC countries are trying to reach agreement on the reduction of oil production", - noted in the ANZ Research.
At 04.22 GMT, the price of oil WTI on the NYMEX rose 30 cents to 45.53 dollars per barrel, while the price of Brent rose 46 cents to 46.90 dollars per barrel.
Quotes of gold earlier in Asia rose as investors sought to buy metal at low prices.
Investors sold gold after the US presidential election, but analysts believe that in the short term prices may recover due to geopolitical uncertainty before the referendum in Italy, as well as on the background of the global easing of monetary policy and inflation.
At 02.08 GMT, gold was trading up 6.77 dollars at 1194.65 dollars per ounce.
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