LONDON—Oil prices rose on Thursday after a plunge the previous day, as data showed a jump in refinery runs at the world’s top crude importer China, but a weak economic backdrop capped gains. Brent crude futures were up 84 cents, or 1.15 percent, to $74.04 a barrel at 0959 GMT. U.S. West Texas Intermediate (WTI)…
Stocks Slip as ECB Prepares Hike After Hawkish Fed Pause
June 15, 2023
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LONDON—World stocks slipped from 18-month peaks and the dollar pushed higher on Thursday as traders readied for what is expected to be the eighth straight rate hike from the European Central Bank (ECB) later. Europe’s groggy start came after Wednesday’s first pause in the U.S. Federal Reserve’s rapid hiking cycle in over a year was…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 14)
June 14, 2023
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Benchmark U.S. crude oil for July delivery fell $1.15 to $68.27 a barrel Wednesday. Brent crude for August delivery fell $1.09 to $73.20 a barrel. Wholesale gasoline for July delivery fell 1 cent $2.55 a gallon. July heating oil fell 4 cents to $2.36 a gallon. July natural gas was unchanged at $2.34 per 1,000…
Oil Rises as Market Awaits Fed Interest Rate Decision
LONDON—Oil prices rose on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC. Brent crude futures were up 76 cents, or 1 percent, at $75.05 a barrel by 0916 GMT. U.S. West Texas Intermediate (WTI) crude was…
Stocks Edge Higher, Dollar Sags Eyeing Fed Pause
June 14, 2023
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Global shares edged higher and the dollar held near three-week lows on Wednesday as traders were all but certain that the U.S. Federal Reserve will refrain from hiking interest rates later in the session. Overnight, the much-watched U.S. CPI report showed prices barely rose in May, with just a 0.1 percent increase from the prior…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 13)
June 13, 2023
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Benchmark U.S. crude oil for July delivery rose $2.30 to $69.42 a barrel Tuesday. Brent crude for August delivery rose $2.45 to $74.29 a barrel. Wholesale gasoline for July delivery rose 8 cents $2.56 a gallon. July heating oil rose 9 cents to $2.40 a gallon. July natural gas rose 7 cents to $2.34 per…
Shares Get a Boost From Tech; Dollar Dithers Ahead of Inflation Data
June 13, 2023
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LONDON—Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures,…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 12)
June 12, 2023
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Benchmark U.S. crude oil for July delivery fell $3.05 to $67.12 a barrel Monday. Brent crude for August delivery fell $2.95 to $71.84 a barrel. Wholesale gasoline for July delivery fell 11 cents $2.48 a gallon. July heating oil fell 5 cents to $2.31 a gallon. July natural gas rose 2 cents to $2.27 per…
Karat vs. Carat: What Is the Difference?
When you hear “carat” and “karat,” you may assume they are spelled differently but mean the same thing. However, the homonyms carat and karat refer to two separate forms of measurement, with carat referring to diamonds and precious gemstones and karat relating to how smiths measure the purity of gold. Knowing the difference if you…
Oil Prices Fall, US Fed Rate Decision in Focus
LONDON—Oil prices fell $2 on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. Brent crude futures fell $1.91, or 2.5 percent, to $72.88 a barrel by…
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