Analysis: Oil and other commodities see overnight bump in markets

CommSec’s Tom Piotrowski broke down the increase of market commodities in the last 24 hours. Reports of oil, gold and silver each had gains overnight in the markets. “That was certainly one of the themes in the Northern Hemisphere trade particularly where oil was concerned and that was a factor that supported US trade overnight,” Mr Piotrowski told Sky News Australia. “We continue to see a moderation in the US dollar and that gives commodities a little bit of free space but there’s been an outage in one of the more significant oil fields … in Norway.” Presented by CommSec.