LONDON/SINGAPORE—Shares globally jumped and most currencies rose against the dollar on Wednesday, as investors discerned a dovish tone in comments from Fed Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally. MSCI’s world share index rose 0.37 percent, heading back towards the nine-month high it hit in…
Shares Rise, Dollar Wobbles After Market Sees Powell Comments as Dovish
February 8, 2023
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BP Makes Record Profit in 2022, Slows Shift From Oil
LONDON—BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon emissions by 2030. The blockbuster profit follows similar reports from rivals Shell, Exxon Mobil, and Chevron last week after energy prices…
Oil Rises on China Outlook, Supply Worries After Turkey Earthquake
February 7, 2023
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Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. Brent crude futures were up $1.78, or 2.2 percent, to $82.77 per barrel at 1042 GMT, while West Texas…
Global Stocks Mixed After Wall Street Sinks on Rate Fears
February 7, 2023
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BEIJING—Global stock markets were mixed Tuesday as traders looked ahead to a speech by Federal Reserve Chair Jerome Powell for clues to interest rate plans after Japanese wages rose and Australia’s central bank hiked its key rate again. London and Shanghai gained. Frankfurt, Tokyo, and Wall Street futures declined. Oil prices rose. Last week’s unexpectedly…
Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 6)
February 6, 2023
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Benchmark U.S. crude oil for March delivery rose 72 cents to $74.11 a barrel Monday. Brent crude for April delivery rose $1.05 to $80.99 a barrel. Wholesale gasoline for March delivery rose 5 cents to $2.37 a gallon. March heating oil fell 1 cent $2.77 a gallon. March natural gas rose 5 cents to $2.46…
Russia’s Sechin Says Europe No Longer Sets Urals Price
February 6, 2023
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BENGALURU, India—Europe will no longer set the reference price for Russia’s flagship Urals crude, Igor Sechin, the CEO of Russia’s oil major Rosneft said on Monday, now Asia has emerged as the largest buyer of Russian oil since the West placed it under sanctions. Around 70 percent of January-loading cargoes of Russian Urals oil is…
Exploring the Lowest-Mintage US Coins
What Is Coin Mintage? Minting is the process of printing and distributing certified coins into circulation. However, “mintage” refers to the total number of pieces an authorized coin manufacturer (i.e., mint) produces. Some pieces, like the American Silver Eagle, have millions of coins in circulation; high-scarcity coins may only have a few dozen left in…
Oil Prices Edge Higher, Interest Rate Outlook Limits Gains
February 6, 2023
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LONDON—Oil prices inched higher on Monday, recovering from an 8 percent fall last week to more than three-week lows, driven by expectations slower growth in major economies may limit fuel use. Brent crude futures rose 17 cents, or 0.2, to $80.11 a barrel at 0946 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped…
Global Shares Slide as Interest-Rate Risk Rises and Geopolitics Heat Up
February 6, 2023
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LONDON—Global shares tumbled on Monday, after a run of upbeat economic data suggested interest rates will have to rise further and stay higher for longer, while a stronger dollar and political turbulence hit risk-linked assets. Last week’s blockbuster U.S. jobs report sent investors scurrying to load up on dollars to the detriment of emerging market…
Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 3)
February 4, 2023
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Benchmark U.S. crude oil for March delivery fell $2.49 to $73.39 a barrel Friday. Brent crude for April delivery fell $2.23 to $79.94 a barrel. Wholesale gasoline for March delivery fell 13 cents to $2.32 a gallon. March heating oil fell 12 cents $2.78 a gallon. March natural gas fell 5 cents to $2.41 per…
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