Category: Gold and Commodities

Oil Steadies as Market Eyes China Recovery and EU Embargo

February 3, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment

LONDON—Oil prices steadied on Friday but were on track for a second week of losses as the market awaited further signs of fuel demand recovery in China and the impact of an EU embargo and price cap on Russian oil products. Brent crude futures fell 18 cents, or 0.2 percent, to $81.99 a barrel by…

Read More

Global Shares Trade Mixed Ahead of US Jobs Report

February 3, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
0 Comment

TOKYO—Global shares were trading mixed Friday ahead of a closely watched U.S. jobs report that may affect global interest rates. France’s CAC 40 lost 0.7 percent in early trading to 7,116.31, while Germany’s DAX dipped 0.9 percent to 15,362.64. Britain’s FTSE 100 added 0.2 percent to 7,832.20. U.S. shares were set to drift lower with…

Read More

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

February 2, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment

Benchmark U.S. crude oil for March delivery fell 53 cents to $75.88 a barrel Thursday. Brent crude for April delivery fell 67 cents to $82.17 a barrel. Wholesale gasoline for March delivery was unchanged at $2.45 a gallon. March heating oil fell 5 cents $2.90 a gallon. March natural gas fell 1 cent to $2.46…

Read More

Shell 2022 Profit More Than Doubles to Record $40 Billion

February 2, 2023
Business & MarketsCompaniesenergyGold and CommoditiesMarketsresultsshellUKWorld
0 Comment

LONDON—Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices allowed it to hand shareholders unprecedented returns. The British company’s record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week…

Read More

Oil Steady as Dollar Slumps and Russian Oil Products Ban Looms

February 2, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment

LONDON—Oil prices were steady on Thursday after tumbling in the previous session as a weaker dollar boosted sentiment, though looming sanctions on Russian oil products added uncertainty over supply. Brent crude futures fell 10 cents, or 0.1 percent, to $82.74 a barrel by 0937 GMT while West Texas Intermediate (WTI) U.S. crude futures advanced 1…

Read More

Global Stocks Rise After Fed Sees Inflation Improving

February 2, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment

BEIJING—Global stock markets and Wall Street futures rose Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned. London and Frankfurt opened higher. Shanghai and Tokyo advanced. Oil prices rose. Wall Street’s benchmark S&P 500 index rose after the Fed increased its key lending…

Read More

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

February 1, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment

Benchmark U.S. crude oil for March delivery fell $2.46 to $76.41 a barrel Wednesday. Brent crude for April delivery fell $2.62 to $82.84 a barrel. Wholesale gasoline for March delivery fell 12 cents to $2.45 a gallon. March heating oil fell 19 cents $2.95 a gallon. March natural gas fell 21 cents to $2.47 per…

Read More

Oil Stable as Market Awaits Fed, OPEC Decisions

February 1, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment

LONDON—Oil prices were broadly stable as the market is looking towards a meeting of OPEC and its allies as well as a Federal Reserve rate decision and U.S. government data on crude and fuel stockpiles on Wednesday. Brent crude futures dipped 11 cents, or 0.1 percent, to $85.35 a barrel at 0949 GMT. West Texas…

Read More

Stocks Firm, Dollar Retreats Ahead of Fed Decision

February 1, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
0 Comment

LONDON/SINGAPORE—Global stocks edged up on Wednesday as signs of slowing U.S. wage growth supported expectations that the Federal Reserve could signal an end to interest-rate hikes at its meeting later in the day. Wall Street indexes had rallied, as had bonds to a lesser extent, while the dollar gave up gains overnight when the Fed’s…

Read More

Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 31)

January 31, 2023
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment

Benchmark U.S. crude oil for March delivery rose 97 cents to $78.87 a barrel Tuesday. Brent crude for March delivery fell 41 cents to $84.49 a barrel. Wholesale gasoline for February delivery rose 4 cents to $2.54 a gallon. February heating oil rose 7 cents $3.18 a gallon. March natural gas was unchanged at $2.68…

Read More