Benchmark U.S. crude oil for April delivery rose 96 cents to $76.68 a barrel Friday. Brent crude for May delivery rose $1.19 to $82.78 a barrel. Wholesale gasoline for April delivery rose 4 cents to $2.65 a gallon. April heating oil rose 10 cents to $2.77 a gallon. April natural gas fell 11 cents to…
Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 10)
March 10, 2023
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Oil Prices Set for 5 Percent Weekly Drop on US Rate Hike Jitters
March 10, 2023
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LONDON—Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States hitting fuel demand. Brent dipped 41 cents, or 0.5 percent, to $81.18 a barrel by 0852 GMT. U.S. West Texas Intermediate crude (WTI) was…
Global Stocks, Wall Street Futures Sink Ahead of US Jobs Update
March 10, 2023
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BEIJING—Global stock markets and Wall Street futures fell Friday ahead of a U.S. job market update amid unease about possible further interest rate hikes. Markets in London, Shanghai, Frankfurt, and Tokyo declined. Oil prices were lower. Wall Street’s benchmark S&P 500 index fell Thursday by its biggest one-day margin this year after Federal Reserve Chair…
Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 9)
March 9, 2023
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Benchmark U.S. crude oil for April delivery fell 94 cents to $75.72 a barrel Thursday. Brent crude for May delivery fell $1.07 to $81.59 a barrel. Wholesale gasoline for April delivery fell 8 cents to $2.61 a gallon. April heating oil fell 7 cents to $2.67 a gallon. April natural gas fell 1 cent to…
Refiner Citgo Petroleum Posts Record $2.8 Billion Profit for 2022
March 9, 2023
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HOUSTON—Refiner Citgo Petroleum Corp. on Thursday reported a record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins, and refining output that exceeded its plants’ listed capacity. Rebounding from a loss of $160 million in 2021 and two straight years of losses, the results for last year also exceeded the…
Kremlin Doubts Nord Stream Attacks Could Have Happened Without State Support
March 9, 2023
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MOSCOW—The Kremlin said on Thursday it doubted the attacks on the Nord Stream pipelines last September could have been carried out without state support. Kremlin spokesman Dmitry Peskov’s comments came after the New York Times this week reported that U.S. officials were looking into whether a pro-Ukrainian non-government group was responsible for the blasts. “As…
Oil Slips for 3rd Day as Recession Fears Mount
March 9, 2023
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LONDON—Oil fell for a third day on Thursday as fears over the economic impact of rising interest rates offset a surprise drop in U.S. crude inventories and hopes for Chinese demand. U.S. Federal Reserve Chair Jerome Powell’s comments this week on the likelihood that interest rates will need to be raised more than previously expected…
Global Stocks Lower After Wall Street Steadies Amid Rate Fears
March 9, 2023
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BEIJING—Major global stock markets were mostly lower Thursday amid worries about more U.S. interest rate hikes. London, Shanghai, and Frankfurt declined. Tokyo advanced. Oil prices were lower. Wall Street futures were lower following Federal Reserve chair Jerome Powell’s warning that rate hikes might speed up because upward pressure on prices is stronger than expected. Investors…
Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 8)
March 8, 2023
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Benchmark U.S. crude oil for April delivery fell 92 cents to $76.66 a barrel Wednesday. Brent crude for May delivery fell 63 cents to $82.66 a barrel. Wholesale gasoline for April delivery fell 1 cent to $2.69 a gallon. April heating oil fell 6 cents to $2.74 a gallon. April natural gas fell 14 cents…
Oil Steadies After Rate Hike Concerns Spur Sell-Off
March 8, 2023
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LONDON—Oil prices steadied after earlier losses on Wednesday, driven by fears that more aggressive U.S. interest rate hikes would hit demand, while the market awaited further clarity on inventories. Brent crude futures climbed 11 cents, or 0.1 percent, to $83.40 per barrel by 1103 GMT. U.S. West Texas Intermediate (WTI) crude futures eased 9 cents,…
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