Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Nov. 1)

November 1, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for December delivery rose $1.84 to $88.37 a barrel Monday. Brent crude for January delivery rose $1.84 to $94.65 a barrel. Wholesale gasoline for December delivery rose 6 cents to $2.59 a gallon. December heating oil fell 5 cents to $3.62 a gallon. December natural gas fell 65 cents to $5.71…

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Oil up More Than 1 Percent as Weaker Dollar Offsets China COVID-19 Concerns

November 1, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose $1.38, or 1.49 percent, to $94.19 per barrel at 0951 GMT. The December…

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World Shares Advance, Shrugging Off Wall Street Retreat

November 1, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Hong Kong jumped more than 5 percent and other world markets also advanced after a survey of Chinese manufacturing showed activity has improved. U.S. futures and oil prices rose, while the euro gained but stayed below $1. The monthly manufacturing gauge from Caixin, a Chinese business news magazine, helped to counter renewed concerns about coronavirus…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 31)

October 31, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for December delivery fell $1.37 to $86.53 a barrel Monday. Brent crude for December delivery fell 94 cents to $94.83 a barrel. Wholesale gasoline for November delivery fell 10 cents to $2.81 a gallon. November heating oil fell 36 cents to $4.19 a gallon. December natural gas rose 68 cents to…

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OPEC Raises Long-Term Oil Demand View, Calls for Investment

October 31, 2022
Business & Marketseconomic policieseconomyenergyEuropeGold and CommoditiesInternationalInvestmentMarketsOilOPECOutlookWorld
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ABU DHABI—OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite the energy transition. The view from the Organization of the Petroleum Exporting Countries, in its 2022 World Oil Outlook, contrasts with that…

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World Food Supplies at Risk as Russia Withdraws From Black Sea Deal

October 31, 2022
Business & Marketscrisiseconomic policieseconomyenergyEuropeFoodGold and CommoditiesinflationInternationalMarketsRussiaRussia-Ukraine WarshipmentsU.N.UkraineWorld
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SINGAPORE—Russia’s weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening a global food crisis and sparking gains in prices. Hundreds of thousands of tonnes of wheat booked for delivery to Africa and the Middle East are at risk following Russia’s withdrawal, while Ukrainian corn…

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World Markets Mixed Ahead of Fed Rates Decision

October 31, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—World stock markets were mixed on Monday ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again amid investor hopes the U.S. central bank will scale back plans for more increases. Germany’s DAX gained 0.2 percent to 13,269.55 and Britain’s FTSE 100 was flat at 7,049.25. In…

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Oil Falls on China COVID-19 Curbs and Weak Factory Data

October 31, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell by more than $1 on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped $1.17, or 1.2 percent, to $94.60 a barrel by 0900 GMT, extending Friday’s 1.2 percent decline. U.S. West Texas Intermediate…

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Russia Says UK Navy Blew Up Nord Stream, London Denies Involvement

October 29, 2022
Business & MarketsCompaniesenergyEuropeexplosionGold and CommoditiesMarketsNavyNordstreamRussiaRussia-Ukraine WarUKWorld
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LONDON—Russia’s defense ministry said on Saturday that British navy personnel blew up the Nord Stream gas pipelines last month, a claim that London said was false and designed to distract from Russian military failures in Ukraine. Russia did not give evidence for its claim that a leading NATO member had sabotaged critical Russian infrastructure amid…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 28)

October 28, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for December delivery fell $1.18 to $87.90 a barrel Friday. Brent crude for December delivery fell $1.19 to $95.77 a barrel. Wholesale gasoline for November delivery fell 10 cents to $2.91 a gallon. November heating oil rose 22 cents to $4.55 a gallon. December natural gas fell 20 cents to $5.68…

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