TOKYO—Global shares were mostly lower Thursday as investors grew cautious after Wall Street’s biggest pullback of the year. France’s CAC 40 lost 0.4 percent in early trading to 7,052.61, while Germany’s DAX edged down 0.5 percent to 15,106.21. Britain’s FTSE 100 fell nearly 0.6 percent to 7,787.49. The future for the Dow Jones Industrial Average…
Global Shares Lower After Biggest Wall Street Retreat of Year
January 19, 2023
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Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 18)
January 18, 2023
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Benchmark U.S. crude oil for February delivery fell 70 cents to $79.48 a barrel Wednesday. Brent crude for March delivery fell 94 cents to $84.98 a barrel. Wholesale gasoline for February delivery fell 3 cents to $2.52 a gallon. February heating oil rose 1 cent $3.26 a gallon. February natural gas fell 28 cents to…
IEA Says Predicting Oil Demand to Hit Record High This Year on China’s Reopening
January 18, 2023
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The International Energy Agency (IEA) says it predicts that demand for oil could reach record levels this year, given mainland China’s reopening of its economy. Demand for crude fell in the second half of 2022, as China’s ruling Chinese Communist Party (CCP) maintained its “zero-COVID” policy stance. The combination of mild weather and weaker industrial…
Oil Prices Gain Around 1 Percent on Optimism Over China’s Recovery
January 18, 2023
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LONDON—Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China’s strict COVID-19 curbs will lead to a fuel demand recovery in the world’s top oil importer. Brent crude futures were up $1.21, or 1.41 percent, to $87.13 a barrel by 0942 GMT, while U.S. West Texas Intermediate…
World Shares Mixed, Yen Falls After BOJ Keeps Policy Intact
January 18, 2023
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BANGKOK—World shares were mixed Wednesday, with Tokyo gaining more than 2 percent after Japan’s central bank kept its lax monetary policy unchanged, dispelling speculation it would yield to pressure to tighten credit to counter rising inflation. Germany’s DAX lost 0.1 percent to 15,170.03 and the CAC 40 in Paris was down less than 2 points,…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 17)
January 17, 2023
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Benchmark U.S. crude oil for February delivery rose 32 cents to $80.18 a barrel Tuesday. Brent crude for March delivery rose $1.46 to $85.92 a barrel. Wholesale gasoline for February delivery rose 2 cents to $2.55 a gallon. February heating oil fell 1 cent $3.25 a gallon. February natural gas rose 17 cents to $3.59…
Saudi Arabia Considers Global Trade in Non-Dollar Currencies
Saudi Arabia, the world’s largest crude oil exporter, is considering trading in currencies other than the U.S. dollar, a kingdom official revealed. Mohammed Al-Jadaan, a Saudi minister of finance, told Bloomberg TV in Davos, Switzerland, on Tuesday that officials are open to potentially utilizing other currencies as the energy juggernaut bolsters relations with its strategic…
Oil Prices Mixed on Chinese Data and Demand Growth Hopes
January 17, 2023
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LONDON—Oil prices were mixed on Tuesday after China posted its second-weakest annual economic growth in nearly half a century, though its recent shift in COVID-19 policy underpinned hopes of a recovery in fuel demand this year. Brent crude futures rose 69 cents, or 0.8 percent, to $85.15 a barrel by 0913 GMT. U.S. West Texas…
World Shares Slip as China Says Economy Slowed Further
January 17, 2023
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BANGKOK—World shares were mostly lower Tuesday after China reported its economy expanded at a 3 percent pace last year, less than half 2021′s rate. European shares declined and Asian shares were mixed as investors watched to see if Japan’s central bank will alter its longstanding policy of keeping its key interest rate at minus 0.1…
Presidents on Coins: A Brief Guide and Synopsis
Publish 10 am Monday Seeing the faces of former U.S. presidents on coins (and paper money) is something we’re all accustomed to. Your wallet or coin jar probably features at least one Abraham Lincoln penny, Thomas Jefferson nickel, Franklin Roosevelt dime, and George Washington quarter. You may even have a John F. Kennedy half-dollar or…
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