Category: Gold and Commodities

Oil Prices Dip on China Demand Worries

November 8, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in top crude importer China heightened fears of lower fuel demand. Brent crude fell 84 cents, or 0.9 percent, to $97.08 a barrel by 1006 GMT while U.S. West Texas Intermediate (WTI) crude fell 96 cents, or 1 percent, to $90.83. Both benchmarks…

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Markets in Holding Pattern Ahead of Election, Inflation Data

November 8, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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Wall Street is essentially flat before the opening bell Tuesday with Americans heading to the polls to vote in the midterm elections that are being heavily influenced by inflation, with more data on that front arriving this week. Futures for the S&P 500 moved 0.16 percent higher, and the Dow Jones Industrial Average rose 0.13…

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

November 7, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for December delivery fell 82 cents to $91.79 a barrel Monday. Brent crude for January delivery fell 65 cents to $97.92 a barrel. Wholesale gasoline for December delivery fell 8 cents to $2.65 a gallon. December heating oil fell 13 cents to $3.78 a gallon. December natural gas rose 54 cents…

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Can I Carry Gold on an International Flight?

November 7, 2022
Business & MarketsGold and CommoditiesMarketsSponsored Content
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Carrying gold via public transportation can be tricky. And if you’re planning to transport gold, you might wonder whether you can carry gold on an international flight. The answer is, yes, you can. Overview of Flying Internationally With Gold Thousands of investors see gold as the safest way to store value and maintain financial stability,…

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Oil Stable Below $100/bbl as Market Balances Chinese Data

November 7, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were stable on Monday, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent COVID-19 containment approach. Brent crude futures rose by 6 cents, or 0.06 percent to $98.63 a barrel at 1026 GMT. U.S. West Texas Intermediate…

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Global Benchmarks Advance as Markets Watch China, Inflation

November 7, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global stocks mostly advanced Monday as investors weighed uncertainties such as the U.S. midterm elections. Oil prices fell and U.S. futures edged lower. France’s CAC 40 lost 0.4 percent to 6,391.90 in early trading, while Germany’s DAX edged up nearly 0.1 percent to 13,470.68. Britain’s FTSE 100 rose nearly 0.1 percent to 7,340.85. The future…

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Closing Prices for Crude Oil, Gold and Other Commodities (Nov. 4)

November 4, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for December delivery rose $4.44 to $92.61 a barrel Friday. Brent crude for January delivery rose $3.90 to $98.57 a barrel. Wholesale gasoline for December delivery rose 4 cents to $2.73 a gallon. December heating oil rose 4 cents to $3.91 a gallon. December natural gas rose 42 cents to $6.40…

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US and Global War on Farmers Intensifies Amid Food Shortages

November 4, 2022
Asia & PacificBusiness & MarketsChinaChina Business & EconomycongressDefending Americaeconomic policieseconomyenergyEnvironmentEuropefarmFeatured TopicsFoodGold and CommoditiesInternationalInternational RelationsMarketsPolicies & ImpactsPoliticsRepublicansScienceThreat from Communist ChinaUnited NationsUSUS-China relationsWorldWorld Economic Forum
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News Analysis The effects of what critics have described as a global “war” on farmers and ranchers are becoming more apparent. But even as food shortages intensify, governments including the Biden administration are cracking down harder on agricultural production. Experts and lawmakers who spoke to The Epoch Times warned that it was time to rein…

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IEA Says Europe Must Act Now to Avoid Winter 2023 Gas Shortages

November 4, 2022
BirolBusiness & Marketscrisiseconomic policieseconomyenergyEuropeGasGold and CommoditiesIEAMarketsRussia-Ukraine WarUkraineWorld
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OSLO—Europe needs to act now to avoid a natural gas shortage next year given the loss of Russian supply and expectations Chinese demand will increase, the International Energy Agency (IEA) said on Thursday. The European Union has succeeded in filling storages to 95 percent ahead of this winter, 5 percent or 5 bcm above their…

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US Sells Last Batch of Emergency Reserve Oil From Historic Release

November 4, 2022
Business & Marketseconomic policieseconomyenergyGold and CommoditiesinflationMarketsOilReserveUSUS News
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WASHINGTON—The U.S. Department of Energy on Thursday said it sold 15 million barrels of oil from the Strategic Petroleum Reserve to six companies, completing the last batch of the largest-ever release from the stockpile announced by President Joe Biden in March. The contracts were awarded to Phillips 66, Marathon Petroleum Supply and Trading LLC, Shell…

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