Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 8)

December 8, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for January delivery fell 55 cents to $71.46 a barrel Thursday. Brent crude for February delivery fell $1.02 to $76.15 a barrel. Wholesale gasoline for January delivery fell 3 cents to $2.05 a gallon. January heating oil rose 10 cents to $2.88 a gallon. January natural gas rose 24 cents to…

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US Online Goods Prices Fall in Positive Sign for Fed: Adobe

December 8, 2022
AdobeBusiness & MarketsCompanieseconomic policieseconomyGold and CommoditiesgoodsinflationMarketsonlinerecessionUSUS News
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WASHINGTON—Prices for online goods in the United States fell at a nearly 2 percent annual pace in November, the fastest decline since the onset of the COVID-19 pandemic and a sign that one important aspect of overall inflation continues to slow. The month-to-month decline in the Adobe Digital Price Index, a measure of online shopping…

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Oil Rebounds From 2022 Lows on China Demand Hopes, Tanker Delays

December 8, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. China on Wednesday announced the most sweeping changes to its resolute anti-COVID regime since…

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World Shares Mixed Ahead of US Jobless, Inflation Data

December 8, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares were mixed in Europe and Asia ahead of the release Thursday and Friday of U.S. jobless and inflation data. U.S. futures turned higher and oil prices rebounded. Investors are watching for data that may yield more insights into inflation’s path ahead and how the Fed will continue fighting high prices. The U.S. will release…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 7)

December 7, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for January delivery fell $2.24 to $72.01 a barrel Wednesday. Brent crude for February delivery fell $2.18 to $77.17 a barrel. Wholesale gasoline for January delivery fell 7 cents to $2.08 a gallon. January heating oil fell 14 cents to $2.78 a gallon. January natural gas rose 25 cents to $5.72…

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ECB Survey Shows Rising Inflation Expectations for Year Ahead

December 7, 2022
Business & MarketsECBeconomic policieseconomyenergyEuropeeurozoneGold and CommoditiesinflationMarketsrecessionSurveyWorld
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FRANKFURT—Eurozone consumer expectations for inflation in the year ahead rose in October but predictions for three years out held steady at a rate still well above the European Central Bank’s 2 percent target, the ECB said in a monthly survey on Wednesday. Inflation soared this year on sky high energy and food prices, and the…

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Oil Falls Close to 2022 Lows on Economic Worries, Easing Supply Fears

December 7, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply. Warnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes…

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Stocks Sputter as Growth Fears Offset China COVID-19 Shift

December 7, 2022
Business & Marketscryptocurrencyeconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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MILAN/SINGAPORE—World stocks eased on Wednesday and bonds remained supported after a chorus of Wall Street bankers warned about a likely recession ahead, tempering optimism about China’s major shift in its tough zero-COVID policy. Top executives at Goldman Sachs, J.P. Morgan, and Bank of America all sounded downbeat in remarks on Tuesday about the economic outlook,…

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Russian Oil Sanctions Fuel Boom for Old Tankers

December 6, 2022
Business & MarketseconomyGold and CommoditiesMarketsOilRussiantankers
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LONDON—The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in Russian crude. As Western shipping and maritime services firms steer clear of Russian oil to avoid falling foul of sanctions or harming their reputations, new companies have leapt into the void, and they’re snapping…

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Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 6)

December 6, 2022
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for January delivery fell $2.68 to $74.25 a barrel Tuesday. Brent crude for February delivery fell $3.33 to $79.35 a barrel. Wholesale gasoline for January delivery fell 5 cents to $2.15 a gallon. January heating oil fell 8 cents to $2.92 a gallon. January natural gas fell 11 cents to $5.47…

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