Oil climbs to two-year highs, gold hangs tough

摘要

Oil is one the largest unit costs for many miners, especially for those involved with open-pit operations and remote mines dependent on diesel power generation. And so with oil prices surging to two-year highs in early November, it's a good time for the mining community to take a fresh look at the multitude of political and economic factors affecting oil prices as 2017 draws to a close, and any correlation to movements in metal prices.