Benchmark U.S. crude oil for August delivery rose 30 cents to $69.86 a barrel Thursday. Brent crude for August delivery rose 31 cents to $74.34 a barrel. Wholesale gasoline for July delivery rose 1 cent $2.62 a gallon. July heating oil rose 1 cent to $2.42 a gallon. August natural gas rose 3 cents to…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 29)
June 29, 2023
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Oil Steadies After Spiking on US Inventory Fall
LONDON—Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth. Brent crude futures was up 10 cents, or 0.1 percent, to $74.13 a barrel by 1032 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 11…
Stocks Shrug Off Inflation Angst, Yen Bows to Dollar
June 29, 2023
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LONDON—World shares and the dollar inched higher and gold was at a three-month low on Thursday as traders’ attention continued to swing between the battle to lower inflation and speculation about currency market intervention in China and Japan. Europe’s regional STOXX 600 index barely budged in early trading after what had been its biggest rise…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 28)
June 28, 2023
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Benchmark U.S. crude oil for August delivery rose $1.86 to $69.56 a barrel Wednesday. Brent crude for August delivery rose $1.77 to $74.03 a barrel. Wholesale gasoline for July delivery rose 8 cents $2.60 a gallon. July heating oil rose 1 cent to $2.41 a gallon. July natural gas fell 16 cents to $2.60 per…
Oil Prices Gain 2 Percent on Big Decline in US Crude Storage
June 28, 2023
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NEW YORK—Oil prices rose about 2 percent on Wednesday as a bigger-than-expected drop in U.S. crude stockpiles offset worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures were up $1.31, or 1.8 percent, to $73.57 a barrel at 11:15 a.m. EDT (1515 GMT), while U.S. West Texas…
How a Faith-Based Gold Company Is Changing the Way Americans Protect Their Retirement
When Genesis Gold Group was first conceived, co-founder Jonathan Rose knew two things were necessary in order to thrive in the extremely competitive precious metals industry. First, he knew they wouldn’t repeat the same deceptive marketing tactics “Big Gold” companies use to entice customers. Second, he knew they needed spiritual guidance if they were going…
European Shares Climb, Yen Stumbles and Euro Shines
June 28, 2023
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LONDON/SYDNEY—European shares climbed on Wednesday as surprisingly upbeat U.S. economic news eased global growth concerns, while the embattled yen hit a 15-year low against the euro and Japan hinted at intervention to prevent further losses. Treasury yields inched higher on the strength of U.S. data, combined with hawkish commentary emerging from Portugal at a gathering…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 27)
June 27, 2023
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Benchmark U.S. crude oil for August delivery fell $1.67 to $67.70 a barrel Tuesday. Brent crude for August delivery fell $1.92 to $72.26 a barrel. Wholesale gasoline for July delivery fell 2 cents $2.52 a gallon. July heating oil fell 4 cents to $2.40 a gallon. July natural gas fell 3 cents to $2.76 per…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 26)
June 26, 2023
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Benchmark U.S. crude oil for August delivery rose 21 cents to $69.37 a barrel Monday. Brent crude for August delivery rose 33 cents to $74.18 a barrel. Wholesale gasoline for July delivery rose 2 cents $2.54 a gallon. July heating oil rose 3 cents to $2.44 a gallon. July natural gas rose 6 cents to…
Gold’s Drop Under $2,000 Is a Buying Opportunity, According to UBS and Other Analysts
A series of recent losses have seen gold retreat back from its level of $2,000 per ounce. However, Swiss bank UBS is among those who see a buying opportunity and a return to that price range. Gold is now sitting 4 percent below its year-to-date high reached in May 2023, noted a team of UBS…
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