Black and gold

• Oil is headed for its first weekly gain in three, but it certainly wasn’t spared from the market’s wild ride in recent days. The saga of an Iranian oil tanker caught in a spat between the U.S. and the U.K., trade war headlines, rising stockpiles and weakening global demand have all assailed the commodity.
• Meanwhile, Bloomberg data shows Russian oil companies raked in at least $905 million in additional revenues since November because U.S. sanctions on Iran and Venezuela have boosted demand for their particular brand of crude.
• And from black gold to gold gold: Investor angst is leading futures on the precious metal to a sixth weekly gain, their best streak in three years. And did you know the gold vault that floods when breached by bandits in Netflix’s La Casa de Papel is a real thing?

(Source: Bloomberg)