MOSCOW—The Kremlin said on Wednesday it had not yet seen any cases of price caps on Russian oil imposed by the West last month, in comments about possible losses from such measures. Some analysts have previously said that the caps will have little immediate impact on the oil revenues that Moscow is currently earning. Currently,…
Kremlin Says It Hasn’t Seen Cases of Oil Price Caps
January 11, 2023
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Oil Prices Broadly Steady Amid Rising US Stockpiles
January 11, 2023
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LONDON—Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an unexpected build in U.S. crude and fuel inventories, global economic uncertainty, and China reopening its economy. Moving in and out of negative territory, Brent crude futures were up 53 cents, or 0.7 percent, at $80.63 a barrel by…
Global Stocks Mostly Rise as US Inflation Report Looms
January 11, 2023
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TOKYO—Global shares were mostly higher Wednesday, boosted by a rally on Wall Street ahead of some potentially market-moving reports due later in the week. France’s CAC 40 rose nearly 0.2 percent in early trading to 6,879.36, while German’s DAX added 0.3 percent to 14,813.45. Britain’s FTSE 100 gained 0.2 percent to 7,710.23. The future for…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 10)
January 10, 2023
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Benchmark U.S. crude oil for February delivery rose 49 cents to $75.12 a barrel Tuesday. Brent crude for March delivery rose 45 cents to $80.10 a barrel. Wholesale gasoline for February delivery rose 4 cents to $2.33 a gallon. February heating oil rose 10 cents to $3.24 a gallon. February natural gas fell 27 cents…
US Imports of Containerized Goods Retreat to Pre-Pandemic Level
January 10, 2023
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LOS ANGELES—U.S. imports of goods in ocean shipping containers in December fell to levels approaching those last seen before the COVID-19 pandemic, a new report said on Tuesday. Demand for kitchen appliances, furniture, big-screen TVs, apparel, and other retail goods softened late last year as record inflation bit into disposable income and consumers shifted spending…
Oil Steady as Market Awaits Clarity on Fed Rate Hike
January 10, 2023
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LONDON—Oil prices were stable on Tuesday as the market awaited the Federal Reserve’s plans for rate hikes to gauge the impact on the economy and fuel demand. Brent futures for March were up 15 cents, or 0.19 percent, to $79.80 a barrel by 1036 GMT. U.S. West Texas Intermediate crude rose 32 cents, or 0.43…
Global Shares Ease After Fed Officials Dent Optimism
January 10, 2023
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LONDON—Global shares eased on Tuesday as investors took profit on the gains from the past two weeks after comments from two Federal Reserve officials injected a note of caution over the U.S. rate outlook, knocking equities, commodities, and other risk assets. The MSCI All-World index eased 0.1 percent, but remained in sight of Monday’s three-week…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 9)
January 9, 2023
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Benchmark U.S. crude oil for February delivery rose 86 cents to $74.63 a barrel Monday. Brent crude for March delivery rose $1.08 to $79.65 a barrel. Wholesale gasoline for February delivery rose 5 cents to $2.29 a gallon. February heating oil rose 4 cents to $3.04 a gallon. February natural gas rose 20 cents to…
Troy Ounce Versus Ounce: What’s the Difference?
Precious metals like gold and silver are excellent investments. Unlike most financial assets, they offer protection against inflation and don’t pose a risk to your credit. But what good is such an investment if you don’t know how to calculate its value? You might have difficulty determining how traders measure gold if you’ve recently started…
Oil Jumps 3 Percent on Demand Optimism as China Borders Reopen
January 9, 2023
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LONDON—Oil extended gains on Monday, rising about 3 percent after China’s move to reopen its borders boosted the outlook for fuel demand and overshadowed global recession concerns. The rally was part of a wider boost for risk sentiment supported by both the reopening of the world’s biggest crude importer and hopes for less-aggressive increases to…
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