Category: Gold and Commodities

Global Shares Muted as Investors Fret Over China Reopening

December 28, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SINGAPORE, LONDON—Global equities traded sideways on Wednesday after China took further steps towards reopening its COVID-battered economy, with hopes for an economic rebound tempered by near-term worries over rising cases. MSCI’s broadest index of global stocks was flat as investors stayed on the sidelines at the end of a brutal year for equities. The global…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 27)

December 27, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery fell 3 cents to $79.53 a barrel Tuesday. Brent crude for February delivery rose $2.94 to $83.92 a barrel. Wholesale gasoline for January delivery fell 2 cents to $2.36 a gallon. January heating oil rose 9 cents to $3.35 a gallon. January natural gas rose 20 cents to…

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Transferring a 401(k) to an IRA While Still Employed

December 27, 2022
401kBusiness & MarketsGold and CommoditiesIRAMarketspersonal financeSpecial EditionsSponsored Content
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Many employees only consider what to do with their 401(k) plans after leaving an employer, but you may have the option to roll over your retirement savings into an IRA while still working at your current job. Deciding whether or not to transfer a 401(k) to an IRA while still employed depends on your employer’s…

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Oil Hits 3-week High as China Eases COVID-19 Curbs

December 27, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil hit a three-week high on Tuesday as China’s latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to U.S. energy production caused by winter storms. China will stop requiring inbound travelers to go into quarantine, starting from Jan. 8, the National Health Commission said on…

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Stocks and Commodities Jump as China Drops Quarantine Rule

December 27, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Stock markets gained on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers—a major step in reopening its borders. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, outperforming an index of global shares, which rose 0.2 percent. China’s bluechip gained 1 percent. The pan-European STOXX 600 index…

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Asian Shares Higher in Thin Holiday Trading

December 26, 2022
asianBusiness & Marketseconomic policieseconomyenergyGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Europe, some Asian cities, and the U.S. closed. Tokyo’s Nikkei 225 index gained 0.7 percent to 26,405.87 and the Kospi in Seoul added 0.2 percent to 2,317.14. The Shanghai Composite index rose 0.7 percent to 3,065.56 and the SET in Bangkok added…

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Storm Cuts US Oil, Gas, Power Output, Sending Prices Higher

December 24, 2022
Business & MarketsenergyGold and CommoditiesLocal NewsMarketsRegional-Local NewsstormTexasUSUS Newsweather
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Frigid cold and blowing winds on Friday knocked out power and cut energy production across the United States, driving up heating and electricity prices as people prepared for holiday celebrations. Winter Storm Elliott brought sub-freezing temperatures and extreme weather alerts to about two-thirds of the United States, with cold and snow in some areas to…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 23)

December 23, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery rose $2.07 to $79.56 a barrel Friday. Brent crude for February delivery rose $2.94 to $83.92 a barrel. Wholesale gasoline for January delivery rose 13 cents to $2.38 a gallon. January heating oil rose 14 cents to $3.27 a gallon. January natural gas rose 8 cents to $5.08…

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Russia May Implement Oil Output Cut of Up to 700,000 Barrels per Day

December 23, 2022
Business & MarketseconomyenergyEuropeeuropean sanctions on russiaGold and CommoditiesMarketsoil outputRussian oilrussian oil price capRussian Oil TradeWorld
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Russia’s Deputy Prime Minister Alexander Novak has revealed a possible cutting down of oil output by around 500,000–700,000 barrels per day, early next year as a retaliatory response to price caps imposed by G7 nations on Russian crude exports. While speaking to the local Rossiya-24 TV channel, the deputy prime minister said the reduction by…

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Oil Rises 2 Percent on Russian Supply Worries; US Storm Impact in Focus

December 23, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose 2 percent on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S. transport fuel demand growth as a looming Arctic storm threatens travel during the holiday season. Brent crude was up by $1.40, or 1.70 percent, to $82.38 a barrel at 1044…

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