Category: Gold and Commodities

Oil Markets Shrug Off Russian Political Turmoil

LONDON—Oil prices fell on Monday after a revolt by Russian mercenaries over the weekend, though the political instability did not appear to pose an immediate threat to oil supply from one of the world’s largest producers. Brent crude futures were down 8 cents, or 0.1 percent, at $73.77 a barrel by 0900 GMT. U.S. West…


Stock Market Today: Global Shares Decline After Armed Rebellion Quelled in Russia

TOKYO—Global shares mostly fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. France’s CAC 40 dipped 0.4 percent in early trading to 7,135.23. Germany’s DAX slipped 0.2 percent to 15,797.27. Britain’s FTSE 100 fell 0.8 percent to 7,403.10. The futures for the Dow Jones Industrial Average and…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 23)

Benchmark U.S. crude oil for August delivery fell 35 cents to $69.16 a barrel Friday. Brent crude for August delivery fell 29 cents to $73.85 a barrel. Wholesale gasoline for July delivery fell 3 cents $2.52 a gallon. July heating oil fell 6 cents to $2.41 a gallon. July natural gas rose 12 cents to…


Oil Resumes Slide on Demand Worries After Latest Rate Hikes

LONDON—Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies. Both crude benchmarks had dropped about $3 on Thursday after the Bank of England raised interest…


Stock Market Today: Asian Shares Sink as Central Banks Crank Interest Rates Still Higher

BANGKOK—Asian shares sank sharply Friday after several central banks around the world cranked interest rates higher in their fight against inflation. Hong Kong and Tokyo shed nearly 2 percent and most other regional markets declined. U.S. futures and oil prices also were lower. Japan reported its inflation rate was higher than expected, adding to expectations…


Closing Prices for Crude Oil, Gold, and Other Commodities (June 22)

Benchmark U.S. crude oil for August delivery fell $3.02 to $69.51 a barrel Thursday. Brent crude for August delivery fell $2.98 to $74.14 a barrel. Wholesale gasoline for July delivery fell 7 cents $2.55 a gallon. July heating oil fell 9 cents to $2.47 a gallon. July natural gas rose 1 cent to $2.61 per…


Oil Dips With Interest Rates and Inventories in Focus

LONDON—Oil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks. Brent futures eased by 47 cents, or 0.6 percent, to $76.65 a barrel at 0840 GMT and U.S. West Texas Intermediate (WTI) crude futures were…


Shares Ease, Dollar Steady in Central-Bank Heavy Day

LONDON/SINGAPORE—Global shares eased on Thursday after Federal Reserve Chair Jerome Powell indicated U.S. rates had further room to rise, while the dollar held steady against the pound ahead of the Bank of England’s decision on monetary policy later on. The MSCI All-World index was down 0.1 percent, heading for a fifth straight day of declines,…


Oil Holds Steady Ahead of Powell’s Congressional Testimony

LONDON—Oil prices stabilised on Wednesday ahead of Federal Reserve Chair Jerome Powell’s congressional testimony later in the day and as data showing British inflation remained sticky raised the possibility of a hawkish Bank of England policy decision this week. Brent futures were flat at $75.90 a barrel by 0929 GMT and U.S. West Texas Intermediate…


Stocks Uneasy in Case Powell Embraces His Inner Hawk

SYDNEY/LONDON—Stocks slipped on Wednesday on negative news including a lack of new stimulus from Beijing, bearish British inflation data, and a further slump in European real estate, as markets await direction from Federal Reserve Chair Jerome Powell. The world’s most powerful central banker faces lawmakers in two days of testimony and is sure to be…