LONDON—Oil prices steadied on Friday but were on track for a second week of losses as the market awaited further signs of fuel demand recovery in China and the impact of an EU embargo and price cap on Russian oil products. Brent crude futures fell 18 cents, or 0.2 percent, to $81.99 a barrel by…
Oil Steadies as Market Eyes China Recovery and EU Embargo
February 3, 2023
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Global Shares Trade Mixed Ahead of US Jobs Report
February 3, 2023
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TOKYO—Global shares were trading mixed Friday ahead of a closely watched U.S. jobs report that may affect global interest rates. France’s CAC 40 lost 0.7 percent in early trading to 7,116.31, while Germany’s DAX dipped 0.9 percent to 15,362.64. Britain’s FTSE 100 added 0.2 percent to 7,832.20. U.S. shares were set to drift lower with…
Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 2)
February 2, 2023
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Benchmark U.S. crude oil for March delivery fell 53 cents to $75.88 a barrel Thursday. Brent crude for April delivery fell 67 cents to $82.17 a barrel. Wholesale gasoline for March delivery was unchanged at $2.45 a gallon. March heating oil fell 5 cents $2.90 a gallon. March natural gas fell 1 cent to $2.46…
Shell 2022 Profit More Than Doubles to Record $40 Billion
LONDON—Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices allowed it to hand shareholders unprecedented returns. The British company’s record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week…
Oil Steady as Dollar Slumps and Russian Oil Products Ban Looms
February 2, 2023
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LONDON—Oil prices were steady on Thursday after tumbling in the previous session as a weaker dollar boosted sentiment, though looming sanctions on Russian oil products added uncertainty over supply. Brent crude futures fell 10 cents, or 0.1 percent, to $82.74 a barrel by 0937 GMT while West Texas Intermediate (WTI) U.S. crude futures advanced 1…
Global Stocks Rise After Fed Sees Inflation Improving
February 2, 2023
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BEIJING—Global stock markets and Wall Street futures rose Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned. London and Frankfurt opened higher. Shanghai and Tokyo advanced. Oil prices rose. Wall Street’s benchmark S&P 500 index rose after the Fed increased its key lending…
Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 1)
February 1, 2023
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Benchmark U.S. crude oil for March delivery fell $2.46 to $76.41 a barrel Wednesday. Brent crude for April delivery fell $2.62 to $82.84 a barrel. Wholesale gasoline for March delivery fell 12 cents to $2.45 a gallon. March heating oil fell 19 cents $2.95 a gallon. March natural gas fell 21 cents to $2.47 per…
Oil Stable as Market Awaits Fed, OPEC Decisions
February 1, 2023
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LONDON—Oil prices were broadly stable as the market is looking towards a meeting of OPEC and its allies as well as a Federal Reserve rate decision and U.S. government data on crude and fuel stockpiles on Wednesday. Brent crude futures dipped 11 cents, or 0.1 percent, to $85.35 a barrel at 0949 GMT. West Texas…
Stocks Firm, Dollar Retreats Ahead of Fed Decision
February 1, 2023
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LONDON/SINGAPORE—Global stocks edged up on Wednesday as signs of slowing U.S. wage growth supported expectations that the Federal Reserve could signal an end to interest-rate hikes at its meeting later in the day. Wall Street indexes had rallied, as had bonds to a lesser extent, while the dollar gave up gains overnight when the Fed’s…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 31)
January 31, 2023
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Benchmark U.S. crude oil for March delivery rose 97 cents to $78.87 a barrel Tuesday. Brent crude for March delivery fell 41 cents to $84.49 a barrel. Wholesale gasoline for February delivery rose 4 cents to $2.54 a gallon. February heating oil rose 7 cents $3.18 a gallon. March natural gas was unchanged at $2.68…
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