Category: Gold and Commodities

Oil Set to End Turbulent 2022 With Second Annual Gain

December 30, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world’s top crude importer, China. Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia’s…

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World Stocks Eye Glum 2022 While Dollar Triumphs

December 30, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/SINGAPORE—World stocks were steady on the last trading day of the year as markets digested U.S. data and the dismantling of China’s zero-COVID policy, but the global index was heading for a 20 percent drop over a year marred by high inflation and war in Europe. The dollar, a beneficiary of rising U.S. interest rates,…

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Is 2023 Finally Gold’s Year?

December 29, 2022
bull marketBusiness & MarketsBusiness ColumnistsgoldGold and CommoditiesMarkets
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Commentary After a tumultuous several months, gold prices have enjoyed a decent run up in Q4 2022.  Recent price movement was helped by the dollar’s retreat, hopes that the Federal Reserve will slow down its aggressive monetary tightening, and renewed demand for the metal from emerging markets. Is this the beginning of a multi-year bull…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 29)

December 29, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery fell 56 cents to $78.40 a barrel Thursday. Brent crude for February delivery fell $1 to $82.26 a barrel. Wholesale gasoline for January delivery rose 1 cent to $2.37 a gallon. January heating oil fell 7 cents to $3.31 a gallon. February natural gas fell 15 cents to…

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Oil Falls as China COVID-19 Spike Dampens Demand Outlook

December 29, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell by over 2 percent on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer. Brent futures for February fell $1.67, or 2.01 percent, to $81.59 a barrel by 0953 GMT. The more active March contract fell 1.79 percent to…

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World Shares Extend Losses After Wall Street Decline

December 29, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares slipped in Europe and Asia on Thursday after benchmarks fell more than 1 percent on Wall Street in the middle of a mostly quiet and holiday-shortened week. U.S. futures were mixed and oil prices declined more than $1 a barrel. Investors are watching to see how China’s relaxation of its stringent COVID-19 policies, and…

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

December 28, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery fell 57 cents to $78.96 a barrel Wednesday. Brent crude for February delivery fell $1.07 to $83.26 a barrel. Wholesale gasoline for January delivery was unchanged at $2.36 a gallon. January heating oil rose 3 cents to $3.38 a gallon. January natural gas fell 57 cents to $4.71…

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Podcast Reveals Modern Day Slavery at CCP-Controlled Cobalt Mines in the Congo

December 28, 2022
AfricaBusiness & MarketsChinaChina Human RightscobaltCompaniesCongoeconomic policiesEnvironmentGlobal ExpansionGold and CommoditiesInternational RelationsInvestmentMarketsModern SlaveryScienceSpecial TopicsWorld
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A revealing podcast has again brought to light the problem of slavery at Chinese Communist Party (CCP)-owned cobalt mines in the Congo and the hypocrisy of green energy advocates. Siddharth Kara, author of Cobalt Red: How The Blood of The Congo Powers Our Lives and a visiting Harvard professor, told his host Joe Rogan about his research and…

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Russian Pipeline Gas Exports to Europe Collapse to a Post-Soviet Low

December 28, 2022
Business & MarketseconomyenergyEuropeexportGasGold and CommoditiesMarketsRussiaRussia-Ukraine WarWorld
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MOSCOW—Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as its largest customer cut imports due to the conflict in Ukraine and a major pipeline was damaged by mysterious blasts, Gazprom data and Reuters calculations showed. The European Union, traditionally Russia’s largest consumer for oil and gas, has for years…

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Oil Prices Fall on Worries About China COVID-19 Surge, Global Recession

December 28, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world’s top oil importer, will disrupt its economic recovery and fuel demand growth as it unwinds its pandemic restrictions. Brent futures for February delivery fell 78 cents, or 0.9 percent, to $83.55 a barrel, by 0900 GMT. U.S. crude fell 75…

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