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Solo Oil Plc

Oil & gold soaring to cap a week full of Iran tensions, the Fed, and China trade-war woes

Gold and oil prices have soared this week on the prospect of lower interest rates, rising tensions between the US and Iran, and uncertainty due to the US-China trade war.

The oil rally continued on Friday with West Texas Intermediate crude up 0.2% at $57.20 a barrel, and Brent crude up 0.5% at $64.80. After passing the $1,400 mark on Thursday, gold dipped by 0.4% to $1,391 an ounce.

Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.