LONDON—Oil fell by nearly 2 percent on Tuesday as concerns about the U.S. debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. Brent crude futures fell $1.36, or 1.8 percent, to $75.71 a barrel by 0859 GMT. U.S. West Texas…
Dollar, European Stocks Steady With US Debt Deal in Focus
May 30, 2023
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LONDON/SYDNEY—The U.S. dollar steadied after climbing to a two-month high and European stocks flattened on Tuesday as relief that a possible default by the U.S. government had been averted gave way to concern that the deal could face a rocky path through Congress. The U.S. dollar index and longer-dated U.S. Treasuries rallied as traders welcomed…
The Most Valuable Gold Coins
Whether you’re a seasoned coin collector or just taking your first steps into precious metals investment, you’re likely quite familiar with the value of gold coins. Gold is a popular choice for investors because these coins tend to retain their value and beauty over time. They also feature a high value-to-weight ratio—a single gold coin…
Oil Steady After US Debt Deal but Rate Hike Worries Linger
Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Brent crude futures climbed 14 cents, or 0.2 percent, to $77.09 a barrel by 0905 GMT, while U.S. West…
European Shares Lack Momentum After Debt Ceiling Deal
May 29, 2023
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LONDON—European stock indexes slipped slightly on Monday, lacking momentum in thin trade while optimism about the U.S. having reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise the federal government’s $31.4 trillion debt…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 26)
May 26, 2023
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Benchmark U.S. crude oil for July delivery rose 84 cents to $72.67 a barrel Friday. Brent crude for July delivery rose 69 cents to $76.95 a barrel. Wholesale gasoline for June delivery rose 3 cents to $2.70 a gallon. June heating oil rose 2 cents to $2.37 a gallon. June natural gas fell 13 cents…
Oil Broadly Steady Amid OPEC+ Supply Cut Uncertainty, Demand Worries
LONDON—Oil prices were stable on Friday, as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger U.S. dollar and worries of weaker-than-expected demand growth. Brent crude was up 40 cents at $76.66 a barrel at 0959 GMT, while U.S. West Texas Intermediate rose…
Investors Hold Their Breath as US Debt Talks Edge Towards Deal
May 26, 2023
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LONDON—Global stock markets were muted on Friday, with investors holding their breath as the White House and U.S. lawmakers edged towards a deal on funding government spending to avoid an economy-shattering default. U.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on an agreement that would raise the government’s $31.4 trillion…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 25)
May 25, 2023
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Benchmark U.S. crude oil for July delivery fell $2.51 to $71.83 a barrel Thursday. Brent crude for July delivery fell $2.10 to $76.26 a barrel. Wholesale gasoline for June delivery fell 5 cents to $2.67 a gallon. June heating oil fell 6 cents to $2.35 a gallon. June natural gas fell 9 cents to $2.31…
Oil Eases as Russia Downplays Additional OPEC+ Cuts
LONDON—Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures was down 41 cents, or 0.5 percent, to $77.95 a barrel at 0815 GMT. U.S. West Texas Intermediate crude (WTI) fell 51 cents, or 0.7 percent,…
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