Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 3)

March 3, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for April delivery rose $1.52 to $79.68 a barrel Friday. Brent crude for May delivery rose $1.08 to $85.83 a barrel. Wholesale gasoline for April delivery rose 5 cents to $2.75 a gallon. April heating oil rose 4 cents to $2.91 a gallon. April natural gas rose 24 cents to $3.01…

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Oil Prices Stable, Heading for Weekly Gain

March 3, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices held steady on Friday, poised to register a weekly gain as renewed optimism on China’s demand recovery overrode recession worries over growing U.S. crude inventories and tightening monetary policy in Europe. Brent crude futures edged up by 4 cents, or 0.05 percent, to $84.79 a barrel by 0936 GMT. U.S. West Texas Intermediate…

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Global Stocks Follow Wall Street Higher on Interest Rate Hopes

March 3, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets advanced Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared. London, Shanghai, Frankfurt, and Tokyo gained. Oil prices edged higher. Wall Street rose Thursday for the first time in three days after the president of the Federal Reserve…

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Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 2)

March 2, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for April delivery rose 47 cents to $78.16 a barrel Thursday. Brent crude for May delivery rose 44 cents to $84.75 a barrel. Wholesale gasoline for April delivery rose 3 cents to $2.70 a gallon. April heating oil was unchanged at $2.87 a gallon. April natural gas fell 4 cents to…

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Eurozone Inflation Eases in February but Core Prices Surge

March 2, 2023
Business & Marketseconomic policieseconomyenergyEuropeeurozoneGold and CommoditiesinflationMarketsWorld
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FRANKFURT—Eurozone inflation fell less than expected last month and underlying price growth surged, reinforcing the case for the European Central Bank to keep raising interest rates at a brisk pace, data from Eurostat showed on Thursday. Consumer price inflation in the 20 countries sharing the euro currency eased to 8.5 percent in February from 8.6…

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Oil Gains on China Growth, but European Inflation Weighs

March 2, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil edged higher on Thursday, though gains made on signs of a strong economic rebound in top crude importer China were kept in check by fears over the impact of potential increases to European interest rates. Brent crude futures rose 43 cents, or 0.51 percent, to $84.74 a barrel by 1017 GMT. U.S. West Texas…

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Global Stocks Lower After Inflation Fuels Rate Fears

March 2, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets declined Thursday after signs of enduring upward pressure on U.S. and European prices raised expectations that interest rates will stay higher for longer. London, Shanghai, Frankfurt, and Tokyo retreated. Oil prices fell. Wall Street futures were lower after a survey showed prices paid by U.S. manufacturers rose in February for the first…

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Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 1)

March 1, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for April delivery rose 64 cents to $77.69 a barrel Wednesday. Brent crude for May delivery rose 86 cents to $84.31 a barrel. Wholesale gasoline for April delivery rose 3 cents to $2.67 a gallon. April heating oil rose 6 cents to $2.87 a gallon. April natural gas rose 6 cents…

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Global Shares, Oil Advance as China Manufacturing Rebounds

March 1, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global shares were higher Wednesday after reports on key measures of China manufacturing showed a strong recovery after anti-virus controls were lifted late last year. France’s CAC 40 added 0.5 percent in early trading to 7,301.78. Germany’s DAX rose 0.5 percent to 15,422.23. Britain’s FTSE 100 rose 0.2 percent to 7,912.56. The future for the…

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Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 28)

February 28, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for April delivery rose $1.37 to $77.05 a barrel Tuesday. Brent crude for April delivery rose $1.44 to $83.89 a barrel. Wholesale gasoline for March delivery rose 6 cents to $2.43 a gallon. March heating oil was unchanged at $2.82 a gallon. April natural gas rose 2 cents to $2.75 per…

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