Category: Gold and Commodities

Energy Department to Buy 3 Million Oil Barrels to Replenish Strategic Reserves

May 16, 2023
Business & MarketsDepartment of EnergyeconomyenergyExecutive BranchGold and CommoditiesMarketsPoliticsUSUS NewsUS Strategic Petroleum Reserve
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The U.S. Department of Energy (DOE) has announced that it intends to buy oil to replenish the country’s Strategic Petroleum Reserve (SPR), which has been depleted to multi-decade-low levels. According to the DOE’s Request for Proposal (pdf) issued on May 15, the department is seeking to purchase up to three million barrels of sour crude…

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Closing Prices for Crude Oil, Gold, and Other Commodities (May 15)

May 15, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for June delivery rose $1.07 to $71.11 a barrel Monday. Brent crude for July delivery rose $1.06 to $75.23 a barrel. Wholesale gasoline for June delivery rose 4 cents $2.47 a gallon. June heating oil rose 7 cents to $2.38 a gallon. June natural gas rose 11 cents to $2.38 per…

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Oil Prices Rise as Concerns About US Economy Persist

May 15, 2023
Business & Marketseconomic recessioneconomyenergyGold and CommoditiesMarketsoil pricesoil productionPolicies & ImpactsUS
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Oil prices rose during early Monday trading after a long streak of weekly declines, with the overall market sentiment expected to remain lukewarm due to worries about the state of the American economy. Brent crude oil prices were trading at $75.42 per barrel on Monday, as of 10:44 a.m. EST, up from its opening of…

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Is Silver Still Undervalued Today?

May 15, 2023
Business & MarketsGold and CommoditiesInvestmentMarketssilverSponsored Content
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Is silver undervalued? It’s a common question for new and seasoned investors alike. Like gold, silver is a safe-haven class investment. Unlike gold, silver’s value depends on a complex web of market factors. This can make it difficult to determine when it is a good time to buy silver. Is Silver Undervalued? The short answer…

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Closing Prices for Crude Oil, Gold, and Other Commodities (May 12)

May 12, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for June delivery fell 83 cents to $70.04 a barrel Friday. Brent crude for July delivery fell 81 cents to $74.17 a barrel. Wholesale gasoline for June delivery fell 3 cents $2.43 a gallon. June heating oil fell 4 cents to $2.31 a gallon. June natural gas rose 8 cents to…

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State Attorneys General Act to Stop BlackRock from Acquiring Large Stakes in US Electric Utilities

May 12, 2023
BlackRockBusiness & MarketsCompanieseconomic policiesenergyESGfercGold and CommoditiesinflationInvestmentMarketsUSUS Electric GridUS NewsVanguard
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State attorneys general of 17 states filed a motion this week with the Federal Energy Regulatory Commission (FERC) to stop BlackRock, the world’s largest asset manager and an outspoken advocate for replacing fossil fuels with wind and solar power, from acquiring large shares in America’s utility companies. To protect the independence and stability of America’s…

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Closing Prices for Crude Oil, Gold, and Other Commodities (May 11)

May 11, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for June delivery fell $1.69 to $70.87 a barrel Thursday. Brent crude for July delivery fell $1.43 to $74.98 a barrel. Wholesale gasoline for June delivery fell 3 cents $2.46 a gallon. June heating oil fell 4 cents to $2.35 a gallon. June natural gas was unchanged at $2.19 per 1,000…

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Closing Prices for Crude Oil, Gold and Other Commodities (May 10)

May 10, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for June delivery fell $1.15 to $72.56 a barrel Wednesday. Brent crude for July delivery fell $1.03 to $76.41 a barrel. Wholesale gasoline for June delivery rose 1 cent $2.49 a gallon. June heating oil was unchanged at $2.39 a gallon. June natural gas fell 8 cents to $2.19 per 1,000…

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

May 9, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for June delivery rose 55 cents to $73.71 a barrel Tuesday. Brent crude for July delivery rose 43 cents to $77.44 a barrel. Wholesale gasoline for June delivery rose 2 cents $2.48 a gallon. June heating oil rose 1 cent $2.39 a gallon. June natural gas rose 3 cents to $2.27…

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

May 8, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for June delivery rose $1.82 to $73.16 a barrel Monday. Brent crude for July delivery rose $1.71 to $77.01 a barrel. Wholesale gasoline for June delivery rose 8 cents $2.46 a gallon. June heating oil rose 7 cents $2.38 a gallon. June natural gas rose 10 cents to $2.24 per 1,000…

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