Benchmark U.S. crude oil for March delivery rose 86 cents to $81.01 a barrel Thursday. Brent crude for March delivery rose $1.35 to $87.47 a barrel. Wholesale gasoline for February delivery rose 2 cents to $2.61 a gallon. February heating oil rose 4 cents $3.40 a gallon. February natural gas fell 13 cents to $2.94…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 26)
January 26, 2023
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Oil Prices Firm on China Demand Optimism
January 26, 2023
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LONDON—Oil prices rose 1 percent on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news U.S. crude inventories have risen less than expected. Brent crude futures rose 78 cents, or 0.9 percent, to $86.90 a barrel by 1046 GMT. U.S. West Texas Intermediate (WTI) crude futures…
Hopes of Slowdown in Rate Hikes Bolster Shares Ahead of US GDP
January 26, 2023
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LONDON—Stocks firmed on Thursday as investors bet that central banks meeting next week will signal a slowdown or even a pause in interest rate hikes for later in the year to make recession less likely and ease pressure on corporate earnings. Oil prices were steady after U.S. crude stocks rose less than expected, while gold…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 25)
January 25, 2023
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Benchmark U.S. crude oil for March delivery rose 2 cents to $80.15 a barrel Wednesday. Brent crude for March delivery fell 1 cent to $86.12 a barrel. Wholesale gasoline for February delivery fell 6 cents to $2.59 a gallon. February heating oil fell 7 cents $3.36 a gallon. February natural gas fell 19 cents to…
West Virginia Targets Proxy Voting in Fight Over ESG
January 25, 2023
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In a Jan. 25 interview with The Epoch Times, West Virginia Treasurer Riley Moore outlined a new state bill intended to ensure that proxy voting for shareholders isn’t a vehicle for environmental, social, and governance (ESG) principles that undercut the interest of those shareholders. “ESG is obviously a nonsensical investment strategy that has been distorting…
Gold Slides as Dollar Steadies, Traders Eye US Data
January 25, 2023
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Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S. fourth-quarter economic growth figures. Spot gold was down 0.6 percent to $1,925.02 per ounce at 1152 GMT, after hitting its highest since late April on Tuesday. U.S. gold futures dropped…
Oil Slips as Recession Fears Offset Market Optimism for China’s Demand Recovery
January 25, 2023
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LONDON—Oil slipped on Wednesday, adding to a decline in the previous session, as global recession worries edged out optimism for a demand recovery in China. Crude has rallied in 2023, with global benchmark Brent crude topping $89 a barrel this week for the first time since early December, on the ending of China’s COVID-19 controls…
Global Shares Mixed, China Markets Closed for Holidays
January 25, 2023
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TOKYO—Global shares were mixed Wednesday after Wall Street indexes finished little changed as investors awaited earnings results from major global companies. The U.S. government will release economic growth data for the fourth quarter on Thursday. Economists expect the economy expanded at an annual pace of less than 1 percent, down from 1.9 percent in the…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 24)
January 24, 2023
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Benchmark U.S. crude oil for March delivery fell $1.49 to $80.13 a barrel Tuesday. Brent crude for March delivery fell $2.06 to $86.13 a barrel. Wholesale gasoline for February delivery fell 5 cents to $2.65 a gallon. February heating oil fell 12 cents $3.43 a gallon. February natural gas fell 19 cents to $3.26 per…
Oil Steady as China Reopening Is Balanced by Economic Concerns
January 24, 2023
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LONDON—Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a fuel demand recovery from top importer China. Brent crude was down 30 cents, or 0.3 percent, at $87.89 a barrel by 1010 GMT. U.S. West Texas Intermediate (WTI)…
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