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STEPHEN INNES
Brent crude futures traded at $55.59 a barrel and West Texas Intermediate futures was around $52.22 a barrel.
Spot gold dropped as much as 0.7% to $1,836.30 an ounce at the Asian trading session
Brent crude futures gained 0.63% to trade at $54.72 a barrel while the WTI futures rallied by 0.61% to trade at $51.14 a barrel.
Oil traders are staying long amid reports showing supporters of President Trump storming the U.S. Capitol.
Gold futures dropped about 0.33% to trade at $1,947.
The Dow Jones Industrial Average plunged by 1.3%, closing with 30,223.89 and dropping about 700 index points at one point.
Gold futures were trading at $1,937 an ounce printing a gain of $42 per ounce.
Recent data retrieved from the American Petroleum Institute (API) reveals a decline of 4.785 million barrels for the week ending December 25.
Brent crude futures gained 0.5%, to $51.09 a barrel, and U.S. WTI crude futures also rallied by 0.5%, to $47.85 a barrel.
Brent crude was down by 0.39% to trade at $51.17 a barrel and West Texas futures dropped lower by 0.23% to $48.12 a barrel.
Gold prices are dropping amid the complexity seen in the U.S. COVID-19 stimulus package deal.
Brent oil futures were up by 0.83% to $51.62, increasing the odds of staying above $50/barrel before Christmas.