Benchmark U.S. crude oil for July delivery fell $1.28 to $70.50 a barrel Tuesday. Brent crude for August delivery fell 19 cents to $75.90 a barrel. Wholesale gasoline for July delivery fell 7 cents $2.61 a gallon. July heating oil fell 7 cents to $2.48 a gallon. July natural gas fell 14 cents to $2.49…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 20)
June 20, 2023
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Oil Mixed on China Rates Cut, Growth Outlook
LONDON—Oil prices slipped on Tuesday after China cut benchmark lending rates less than some expected while demand was seen rising this year, clouding the outlook for the world’s largest crude importer. Brent crude was up 47 cents or 0.6 percent at $76.56 a barrel at 0850 GMT. U.S. West Texas Intermediate (WTI) crude for July…
China’s Smaller-Than-Expected Rate Cut Sends Stocks Lower
June 20, 2023
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HONG KONG/LONDON—European and Asian stocks fell on Tuesday after China cut interest rates by less than expected and the market awaited more details on Beijing’s plans to shore up a stuttering economic recovery. China cut its benchmark loan prime rates (LPR) for the first time in 10 months on Tuesday, with a smaller-than-expected 10-basis point…
What Is a Gold IRA Rollover?
June 19, 2023
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In today’s uncertain economic climate, many people are looking for ways to hedge their retirement accounts to combat inflation. Gold IRAs allow investors to put their money into precious metals. While many people feel that their standard employer-provided 401(k) will be enough to sustain them through their golden years, more and more people are waking up to…
Oil Falls on China Growth Uncertainties
LONDON—Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude fell 17 cents, or 0.2 percent, to $76.44 a barrel by 0944 GMT while U.S. West Texas Intermediate (WTI) crude lost…
Stocks Rally Stalls, Eyes Powell Testimony for Rate Clues
June 19, 2023
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LONDON, SYDNEY—Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with Wall Street markets closed for the Juneteenth holiday. In Europe,…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 16)
June 16, 2023
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Benchmark U.S. crude oil for July delivery rose $1.16 to $71.78 a barrel Friday. Brent crude for August delivery rose 94 cents to $76.61 a barrel. Wholesale gasoline for July delivery rose 4 cents $2.68 a gallon. July heating oil rose 7 cents to $2.55 a gallon. July natural gas rose 10 cents to $2.63…
Oil Falls as Demand Concerns Offset Supply Cuts
LONDON—Oil slipped on Friday as a weaker economic outlook and the prospect of further interest rate hikes dogged sentiment, outweighing a tighter market in the second half of the year owing to higher Chinese demand and OPEC+ supply cuts. The Bank of England is set to raise interest rates by a quarter of a percentage…
World Shares Reach 14-month Highs as Investors Shrug Off the Fed
June 16, 2023
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LONDON—Global shares rose to 14-month highs on Friday, as investors took the view that the Federal Reserve may not need to raise rates much more, while the dollar headed for its biggest weekly slide since January. The MSCI All-World index was up 0.2 percent, around its highest since mid-April 2022. This has been an intense…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 15)
June 15, 2023
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Benchmark U.S. crude oil for July delivery rose $2.35 to $70.62 a barrel Thursday. Brent crude for August delivery rose $2.47 to $75.67 a barrel. Wholesale gasoline for July delivery rose 9 cents $2.64 a gallon. July heating oil rose 12 cents to $2.48 a gallon. July natural gas rose 19 cents to $2.53 per…
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