Intercontinental Exchange: For the week ending July 14, Brent crude oil speculators increased their net long positions by 114,752 contracts to 169,839 contracts. Diesel speculators increased their net long positions by 2,389 contracts to 71,875 contracts.

Spot silver just touched the $65.00/ounce mark, now quoted at $65.00/ounce, up 0.51% on the day; COMEX silver futures main contract is now quoted at $65.16/ounce, up 0.08% on the day.

US crude oil edged up 0.32% in early Monday trading, currently trading around $82.66 per barrel.

Spot gold has just broken through the $4,380.00/oz mark, last trading at $4,380.07/oz, up 0.10% on the day; the main COMEX gold futures contract is last quoted at $4,435.10/oz, down 0.05% on the day.

According to the Financial Times, JPMorgan CEO Jamie Dimon had a phone conversation with the UK Chancellor of the Exchequer, Rachel Reeves, last week, warning her not to raise taxes on the banking industry. The UK government is currently considering introducing new taxes on banks before the October budget. Dimon stated that an uncompetitive tax regime could weaken London as a financial center, potentially leading to an outflow of capital and financial jobs from the UK.