Oil prices increased following a nearly 3% drop on Friday, while gold bars rose by 0.5% at the start of Asian trading. Investors are assessing the implications of US President Joe Biden’s decision not to seek re-election., reports Bloomberg. Oil The global benchmark Brent crude price has risen above $83 per barrel after experiencing its largest one-day drop since early June, while West Texas Intermediate was priced around $81. The US dollar weakened at the start of Asian trading, contributing to the increase in commodity prices denominated in the currency. In Canada, an explosion at an oil sit…