Category: Gold and Commodities

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

February 10, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for March delivery rose $1.66 to $79.72 a barrel Friday. Brent crude for April delivery rose $1.89 to $86.39 a barrel. Wholesale gasoline for March delivery rose 5 cents to $2.50 a gallon. March heating oil rose 4 cents to $2.86 a gallon. March natural gas rose 8 cents to $2.51…

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Russia Says It Will Cut Oil Production Over Western Caps

February 10, 2023
Business & Marketscuteconomic policieseconomyenergyEuropeGold and CommoditiesMarketsOilpricesRussiaRussia-Ukraine WarWorld
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MOSCOW—Russia announced Friday that will cut oil production by 500,000 barrels per day next month after Western countries capped the price of its crude over its action in Ukraine. “As of today, we fully sell all our crude output, but as we stated before, we will not sell oil to those who directly or indirectly…

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Global Shares Fall, Eyes on Inflation, Earnings, Growth

February 10, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global shares were mostly lower on Friday after Wall Street retreated for a second day as market watchers considered earnings reports and various indicators about whether inflation is waning in the U.S. and elsewhere. France’s CAC 40 lost 0.3 percent in early trading to 7,169.30, while Germany’s DAX shed 0.4 percent to 15,455.07. Britain’s FTSE…

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

February 9, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for March delivery fell 41 cents to $78.06 a barrel Thursday. Brent crude for April delivery fell 59 cents to $84.50 a barrel. Wholesale gasoline for March delivery fell 1 cent to $2.45 a gallon. March heating oil fell 7 cents to $2.82 a gallon. March natural gas rose 3 cents…

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Oil Prices Steady After US Stockpiles Swell

February 9, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures dipped 12 cents to $84.97 a barrel by 1227 GMT, while U.S. West Texas Intermediate (WTI) crude futures…

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Oil Prices Steady After US Stockpile Swell

February 9, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures gained 30 cents to $85.39 a barrel by 0856 GMT, while U.S. West Texas Intermediate (WTI) crude futures…

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World Shares Mixed After Wall Street Falls on Rate Hike Worries

February 9, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares advanced in Europe after a mixed session Thursday in Asia as uncertainty persists over interest rates and inflation. Benchmarks rose in Paris, London, Shanghai, and Hong Kong but fell in Tokyo, Seoul, and Sydney. U.S. futures gained while oil prices also were higher. Germany’s DAX added 1.4 percent to 15,621.11 and the CAC 40…

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

February 8, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for March delivery rose $1.33 to $78.47 a barrel Wednesday. Brent crude for April delivery rose $1.40 to $85.09 a barrel. Wholesale gasoline for March delivery was unchanged at $2.46 a gallon. March heating oil fell 1 cent to $2.89 a gallon. March natural gas fell 18 cents to $2.40 per…

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Shoppers to Face Fresh Price Hikes as Stores, Suppliers Pass on Costs

February 8, 2023
Business & MarketsCompaniesconsumerseconomic policieseconomyEuropeGold and CommoditiesgoodsinflationMarketsRussia-Ukraine WarWorld
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LONDON—Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms, and investors, unless commodity costs decline or the shift to cheaper store-brand products accelerates. Retailers and consumer goods producers have been stuck in tough price negotiations for more than a year now,…

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Oil Rises for 3rd Day as Rate Hike Concerns Ease

February 8, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose for a third straight day on Wednesday as investor concern eased about U.S. interest rate hikes and an industry report pointed to a drop in U.S. crude inventories. Comments from U.S. Federal Reserve Chair Jerome Powell on Tuesday were seen as less hawkish than feared, boosting risk appetite and weighing on the dollar….

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