Category: Gold and Commodities

World Shares Mixed Before Updates on Spending, Durable Goods

December 23, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares rose in Europe on Friday after a retreat in Asia ahead of updates on U.S. consumer spending and durable goods orders. Benchmarks climbed in London and Paris but fell in Hong Kong, Tokyo, and Seoul. Oil prices surged more than $1 a barrel. Japan reported its core inflation rate, excluding volatile fresh foods, rose…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 22)

December 22, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery fell 80 cents to $77.49 a barrel Thursday. Brent crude for February delivery fell $1.22 to $80.98 a barrel. Wholesale gasoline for January delivery fell 1 cent to $2.25 a gallon. January heating oil fell 1 cent to $3.13 a gallon. January natural gas fell 33 cents to…

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Oil Rises on Tight US Stocks as Winter Blast Hits

December 22, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices climbed for a fourth straight day and hit their highest in two and a half weeks on Thursday with U.S. crude, heating oil, and jet fuel stocks growing tighter just as a wintry blast hits the United States. Brent crude futures gained $1.17, or 1.4 percent, to trade at $83.37 at 1235 GMT,…

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World Shares Mixed, Oil Jumps Following Rally on Wall Street

December 22, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—World shares were mixed Thursday after a rally on Wall Street as investors welcomed a report showing U.S. consumer confidence is holding up despite the Federal Reserve’s campaign to fight inflation by raising interest rates. Germany’s DAX edged 0.1 percent lower to 14,081.26. The CAC 40 in Paris also lost 0.1 percent, to 6,578.93. Britain’s…

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US Poised to Become Net Exporter of Crude Oil in 2023

December 22, 2022
Business & MarketscrudeenergyexportGold and CommoditiesMarketsOil
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HOUSTON—The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year. Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about 3 million…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 21)

December 21, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery rose $2.06 to $78.29 a barrel Wednesday. Brent crude for February delivery rose $2.21 to $82.20 a barrel. Wholesale gasoline for January delivery rose 4 cents to $2.26 a gallon. January heating oil rose 8 cents to $3.14 a gallon. January natural gas was unchanged at $5.33 per…

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Oil Prices Rise on US Drawdown, Chinese Fears Weigh

December 21, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose on Wednesday after data suggested a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by growing concerns over demand in China and a snow storm that is expected to hit U.S. travel. Brent crude futures were up 93 cents, or 1.15 percent, at $80.92 a barrel by 1040 GMT. U.S….

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Global Shares Edge Up, but Face Patchiest Yearly Performance Since 2008

December 21, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/SINGAPORE—Global shares edged up on Wednesday after the Bank of Japan rocked the markets by unexpectedly deciding to loosen its tight leash on government bond yields, with the yen then scoring its biggest one-day gain against the dollar in 24 years. The MSCI All-World index rose 0.1 percent on the day, although it is on…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 20)

December 20, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for January delivery rose 90 cents to $76.09 a barrel Tuesday. Brent crude for February delivery rose 19 cents to $79.99 a barrel. Wholesale gasoline for January delivery rose 4 cents to $2.22 a gallon. January heating oil rose 1 cent to $3.06 a gallon. January natural gas fell 52 cents…

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Oil Prices Rise but China’s COVID-19 Surge Limits Gains

December 20, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. Brent crude futures were up 50 cents, or 0.65 percent, at $80.30 a barrel by 1035 GMT, adding to…

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