Category: Gold and Commodities

European Stocks Rise Ahead of Inflation Data, Central Bank Meetings

LONDON—European stocks rose in early trading on Monday and world stocks were just below 13-month highs ahead of key inflation data and U.S. Federal Reserve and European Central Bank meetings later in the week. After lacking direction during Asian trading, market sentiment picked up in early European trading, as investors waited for U.S. CPI data…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 9)

Benchmark U.S. crude oil for July delivery fell $1.12 to $70.17 a barrel Friday. Brent crude for August delivery fell $1.17 to $74.79 a barrel. Wholesale gasoline for July delivery fell 2 cents $2.59 a gallon. July heating oil fell 3 cents to $2.36 a gallon. July natural gas fell 10 cents to $2.25 per…


Oil Price Gains Capped by Demand Fears

LONDON—Oil prices rose on Friday and were broadly flat on the week as concern over oil demand growth was balanced by Saudi output cuts. Brent crude futures rose 36 cents, or 0.5 percent, to $76.32 a barrel by 0932 GMT while U.S. West Texas Intermediate crude was up 34 cents, or 0.5 percent, at $71.63….


Global Shares Edge Up as Fed Pause Bets Bolster Sentiment

LONDON, TOKYO—Global equities were set for a small weekly gain on Friday following a Wall Street rally overnight, as rising bets the Federal Reserve will skip a rate increase next week overshadowed worries about U.S. markets being drained of cash. MSCI’s broad index of global shares edged 0.2 percent higher, on track for a weekly…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 8)

Benchmark U.S. crude oil for July delivery fell $1.24 to $71.29 a barrel Thursday. Brent crude for August delivery fell 99 cents to $75.96 a barrel. Wholesale gasoline for July delivery fell 3 cents $2.61 a gallon. July heating oil fell 1 cent to $2.39 a gallon. July natural gas rose 2 cents to $2.35…


Oil Rises as Saudi Cut Supports and Focus Turns to Fed

LONDON—Oil rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential pause to U.S. interest rate hikes offset worries over demand weakness and a global economic slowdown. At an OPEC+ meeting on Sunday, Saudi Arabia said it will cut its crude output by 1 million barrels per day (bpd)…


Shares Stall as Bond Markets Reprice Rate Expectations

LONDON—Borrowing costs in government bond markets rose and share markets stalled on Thursday after a surprise interest rate hike in Canada gave investors their second reminder of the week that the surge in global interest rates isn’t done yet. Asian markets had struggled overnight and the cautious mood continued in Europe as London’s FTSE, Germany’s…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 7)

Benchmark U.S. crude oil for July delivery rose 79 cents to $72.53 a barrel Wednesday. Brent crude for August delivery rose 66 cents to $76.95 a barrel. Wholesale gasoline for July delivery rose 8 cents $2.64 a gallon. July heating oil rose 3 cents to $2.40 a gallon. July natural gas rose 7 cents to…


Oil Prices Edge Higher as Saudi Cut Outweighs Bearish Backdrop

LONDON—Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts outweighed weak Chinese export data. Brent crude futures were up 36 cents, or 0.5 percent, at $76.65 a barrel by 0949 GMT while U.S. West Texas Intermediate crude futures gained 37 cents, or 0.5 percent, to $72.11. Both benchmarks…


European Shares Dip as Chinese Trade Data Disappoints, Lira Plunges to Record Low

LONDON—European stock markets dipped on Wednesday and the U.S. dollar nudged higher as weak Chinese trade data had investors fretting about softening global demand, with attention turning towards next week’s pivotal inflation data and Federal Reserve meeting. Meanwhile, Turkey’s lira plunged to a record low against the greenback as authorities appeared to loosen stabilising measures…