Crude is dripping lower

WTI has lost ground towards $105.50 (its not hit there yet). Brent is lower alongside.

There is not a lot of fresh news flow crossing for oil.

Posted earlier:

• Oil price cap - G7 leaders discussed plans to reduce Russian revenues from oil exports

And, not specific to gold but not an encouraging sign:

• BIS warns that the global economic indicators are "flashing red", real risk of stagflation

Update: