LONDON—Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world’s second-largest oil consumer. Brent crude futures were down 13 cents to $86.18 a barrel at 1018 GMT, while U.S. West Texas Intermediate crude was at $82.33 a barrel, down 19 cents. Both contracts notched their…
Oil Steady as Market Awaits Chinese GDP Data
Global Shares Rise Despite Economic Growth, Rate Worries
TOKYO—Global markets rose moderately Monday, although worries continued about economic growth and inflationary pressures. France’s CAC 40 rose less than 0.1 percent in early trading to 7,522.58. Germany’s DAX gained 0.2 percent to 15,830.74. Britain’s FTSE 100 added 0.5 percent to 7,911.91. U.S. shares were set to drift higher with Dow futures up less than…
Saudi Prince Gives 4 Percent Aramco Stake to Public Investment Firm
DUBAI, United Arab Emirates—Saudi Arabia’s crown prince announced Sunday the transfer of a 4 percent stake of the oil giant Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund, further boosting its coffers as the kingdom tries to expand its economy beyond oil. Crown Prince Mohammed bin Salman’s decision, announced by the state-run…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 14)
Benchmark U.S. crude oil for May delivery rose 36 cents to $82.52 a barrel Friday. Brent crude for June delivery rose 22 cents to $86.31 a barrel. Wholesale gasoline for May delivery rose 1 cent $2.84 a gallon. May heating oil fell 3 cents to $2.64 a gallon. May natural gas rose 10 cents to…
Oil Gains After IEA Sees Demand Rising to Record High
LONDON—Oil prices rose on Friday after the West’s energy watchdog said it expected global demand to rise to a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency (IEA) also warned that output cuts announced by OPEC+ producers could exacerbate an oil supply deficit and hurt consumers….
Global Stocks Rise After US Inflation Cools
BEIJING—Global stock markets rose Friday after U.S. inflation eased in March and China reported strong exports. London and Frankfurt opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices rose. Wall Street futures were lower, giving up part of Thursday’s gains after U.S. inflation at the wholesale level slowed more than expected. Asian markets were…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 13)
Benchmark U.S. crude oil for May delivery fell $1.10 to $82.16 a barrel Thursday. Brent crude for June delivery fell $1.24 to $86.09 a barrel. Wholesale gasoline for May delivery fell 4 cents $2.83 a gallon. May heating oil fell 3 cents to $2.67 a gallon. May natural gas fell 8 cents to $2.01 per…
Oil Stable as Market Weighs Tight Supply Against US Recession Risk
LONDON—Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible recession in the United States, the world’s largest oil consumer. Brent crude fell 7 cents, or 0.08 percent, to $87.26 a barrel by 0935 GMT. U.S. West Texas Intermediate (WTI) was unchanged at $83.26. Both benchmarks had risen…
Stocks and Gold Cheer US Inflation Picture, While Dollar Slides
LONDON—Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce. The euro hit a 2–1/2 month high at $1.103. Investors are positive on Europe, where blue-chip stocks hit a…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr.12)
Benchmark U.S. crude oil for May delivery rose $1.73 to $83.26 a barrel Wednesday. Brent crude for June delivery rose $1.72 to $87.33 a barrel. Wholesale gasoline for May delivery was unchanged at $2.87 a gallon. May heating oil rose 3 cents to $2.70 a gallon. May natural gas fell 10 cents to $2.09 per…
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