Category: Gold and Commodities

Global Stocks Mixed After Wall Street Breaks Losing Streak

BANGKOK—Shares rose in early European trading after closing mostly lower in Asia ahead of the release of consumer price data in the U.S. Benchmarks advanced in Paris, London, Tokyo, and Sydney but fell in Hong Kong, Shanghai, and Seoul. Oil prices rose while U.S. futures edged lower. Friday will bring the core U.S. personal consumption…


Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 23)

Benchmark U.S. crude oil for April delivery rose $1.44 to $75.39 a barrel Thursday. Brent crude for April delivery rose $1.61 to $82.21 a barrel. Wholesale gasoline for March delivery rose 4 cents to $2.38 a gallon. March heating oil was unchanged at $2.71 a gallon. March natural gas rose 14 cents to $2.31 per…


Oil Prices Stabilize, but Rise in US Inventories Looms

LONDON—Oil prices stabilized on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped by an expected rise in U.S. inventories. Brent crude futures rose 25 cents, or 0.3 percent, to $80.85 a barrel by 1004 GMT, compared with about $98 a…


Global Stocks Mixed After Fed Officials Support Higher Rates

BEIJING—Global stock markets were mixed Thursday after notes from a Federal Reserve meeting showed officials expect more U.S. interest rate hikes to fight stubborn inflation. London, Shanghai, and Hong Kong declined. Frankfurt and Wall Street futures advanced. Japanese markets were closed for a holiday. Notes from the latest Federal Reserve board meeting showed members expect…


Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 22)

Benchmark U.S. crude oil for April delivery fell $2.41 to $73.95 a barrel Wednesday. Brent crude for April delivery fell $2.45 to $80.60 a barrel. Wholesale gasoline for March delivery fell 8 cents to $2.34 a gallon. March heating oil fell 8 cents to $2.71 a gallon. March natural gas rose 10 cents to $2.17…


Oil Falls on Fuel Demand Woes Ahead of US Fed Comments

LONDON—Oil prices fell for a third trading session on Wednesday as concerns about fuel demand were stoked by expectations that minutes due from the U.S. Federal Reserve will indicate a need to hike interest rates. Brent crude futures for April delivery fell $1.13, or 1.36 percent, to $81.92 a barrel by 1025 GMT. West Texas…


Global Shares Follow Wall Street Lower in Rate Hike Fears

TOKYO—Global shares declined Wednesday after stocks tumbled on Wall Street as worries persist about higher interest rates and their tightening squeeze on the global economy. France’s CAC 40 slipped nearly 0.8 percent in early trading to 7,252.50. Germany’s DAX fell 0.7 percent to 15,290.37. Britain’s FTSE 100 dropped 0.9 percent to 7,902.44. The futures for…


Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 21)

Benchmark U.S. crude oil for March delivery fell 18 cents to $76.16 a barrel Tuesday. Brent crude for April delivery fell $1.02 to $83.05 a barrel. Wholesale gasoline for March delivery rose 1 cent to $2.42 a gallon. March heating oil rose 8 cents to $2.78 a gallon. March natural gas fell 20 cents to…


Shares Slip as Key Economic Data Looms

LONDON/SINGAPORE—European stocks fell on Tuesday ahead of key data that will offer a window into the health of major economies, while the dollar hovered close to its highest in six weeks. The eurozone, Britain, France, and the United States are all set to publish flash February PMI data, with market players watching for signs of…


Silver Shortages Allowing Prices to Approach a Nine-Year High

Analysts believe silver may hit a nine-year high of $30 per ounce in 2023, the highest it’s been since February 2013. If silver fulfills this projected 8.8 percent increase, it will outperform gold. As silver supply dwindles, industrial demand increases, inflation soars, and more investors flock toward the cheaper precious metal option as a safe…