BANGKOK—Shares skidded in Europe and Asia on Thursday after a retreat on Wall Street by investors dismayed over the Federal Reserve’s warning that still more interest rate hikes are in store following its latest increase. Oil prices fell and U.S. futures also dropped. The declines followed the U.S. Federal Reserve’s hike in its key short-term…
World Shares Decline After Fed Warns of Higher Rates to Come
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 14)
Benchmark U.S. crude oil for January delivery rose $1.89 to $77.28 a barrel Wednesday. Brent crude for February delivery rose $2.02 to $82.70 a barrel. Wholesale gasoline for January delivery rose 8 cents to $2.24 a gallon. January heating oil rose 18 cents to $3.28 a gallon. January natural gas fell 51 cents to $6.43…
Oil Prices up Amid Forecasts of 2023 Demand Uptick
LONDON—Oil prices rose on Wednesday after OPEC and the International Energy Agency (IEA) both forecast a rebound in demand over the course of next year and as U.S. rate hikes are expected to ease alongside slowing inflation. Brent crude futures rose 76 cents, or 0.9 percent, to $81.44 per barrel by 1144 GMT, while U.S….
Global Stocks Gain, Dollar Drops Ahead of Fed Rate Decision
LONDON/SINGAPORE—Global stocks eked out small gains and the dollar slipped on Wednesday on hopes that central banks will stop raising interest rates in early 2023 following the latest U.S. data that showed a slowdown in inflation. Yet nervousness about the next moves by policymakers kept gains in check ahead of a Federal Reserve meeting later…
Gold Is Better Portfolio Diversifier Than Bitcoin: Goldman Sachs
Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Gold is less likely to be influenced by tighter financial conditions, meaning it is “a useful portfolio diversifier,” said Goldman, especially given that gold has developed non-speculative use…
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 13)
Benchmark U.S. crude oil for January delivery rose $2.22 to $75.39 a barrel Tuesday. Brent crude for February delivery rose $2.69 to $80.68 a barrel. Wholesale gasoline for January delivery rose 8 cents to $2.16 a gallon. January heating oil rose 12 cents to $3.09 a gallon. January natural gas rose 35 cents to $6.94…
Oil Climbs on Supply Disruptions, Easing COVID-19 Restrictions in China
LONDON—Oil extended gains on Tuesday on supply disruptions and as COVID-19 restrictions eased in China, the world’s largest crude importer. Brent crude futures were up 64 cents, or 0.82 percent, to $78.63 per barrel by 1159 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 39 cents, or 0.53 percent, to $73.56. WTI hit…
Shares, Dollar Hold Steady Ahead of Key Inflation Data
LONDON—Global stocks held steady on Tuesday, while the dollar eased modestly ahead of U.S. inflation data that could persuade the Federal Reserve and other central banks to step back from aggressive interest rate hikes. Headline consumer price pressures for November in the world’s largest economy are expected to have fallen for a fifth successive month,…
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 12)
Benchmark U.S. crude oil for January delivery rose $2.15 to $73.17 a barrel Monday. Brent crude for February delivery rose $1.89 to $77.99 a barrel. Wholesale gasoline for January delivery rose 2 cents to $2.08 a gallon. January heating oil rose 17 cents to $2.97 a gallon. January natural gas rose 34 cents to $6.59…
Silver vs. White Gold: A Comparison
You might have wondered which precious metal, silver or white gold, has more value and makes a better investment. While silver and white gold may look very similar, the two metals are fairly different. Whether you’re shopping for a new piece of jewelry or planning to diversify your wealth portfolio by investing in precious metals, it’s…
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