Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 19)

October 19, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery rose $2.73 to $85.55 a barrel Wednesday. Brent crude for December delivery rose $2.38 to $92.41 a barrel. Wholesale gasoline for November delivery rose 10 cents to $2.65 a gallon. November heating oil fell 9 cents to $3.90 a gallon. November natural gas fell 29 cents to $5.46…

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Uganda Says Coffee Exports Down 14 Percent Year-Over-Year Due to Drought

October 19, 2022
AfricaBusiness & MarketscoffeeDroughteconomyexportsGold and CommoditiesMarketsUgandaWorld
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KAMPALA—Uganda’s coffee exports declined last month due to the impact of a drought affecting many growing areas across the country, the state-run sector regulator said. The east African country shipped a total of 503,695 60-kg bags of coffee beans in September, down 14 percent compared with the same period a year earlier, Uganda Coffee Development…

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UAE Says OPEC+ Output Cut Was Correct Decision, No Politics Behind It

October 19, 2022
arabiaBusiness & Marketseconomic policieseconomyenergyGold and CommoditiesInternationalMarketsMazroueiMiddle EastOilOPECSaudiUAEWorld
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ABU DHABI—The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut production targets and the unanimous decision had nothing to do with politics, energy minister Suhail al-Mazrouei said on Tuesday. His comments came after several members of the oil producers group endorsed the steep cut to output targets agreed…

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Oil Prices Tick Up in Volatile Trade as US Stocks Fall in Tight Market

October 19, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose slightly on Wednesday amid plenty of caution as bullish signals like falling U.S. crude stocks and a generally undersupplied market were countered by bearish factors such as uncertain Chinese demand growth and falling gas prices. Brent crude futures for December settlement rose 60 cents, or 0.7 percent, to $90.63 a barrel by…

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Global Markets Mixed After Wall Street Bounce on Strong Profits

October 19, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets were mixed Wednesday after Wall Street rose on strong corporate profit reports. Paris, Frankfurt, and Tokyo advanced, while London, Hong Kong, and Shanghai declined. The yen stayed near a two-decade low near 149 to the dollar. Oil prices rebounded. The future for Wall Street’s S&P 500 index rose 0.3 percent after the…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 18)

October 18, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell $2.64 to $82.82 a barrel Tuesday. Brent crude for December delivery fell $1.59 to $90.03 a barrel. Wholesale gasoline for November delivery fell 4 cents to $2.55 a gallon. November heating oil fell 10 cents to $3.99 a gallon. November natural gas fell 25 cents to $5.75…

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US Permian Oil Production Forecast to Hit Record in November: EIA

October 18, 2022
Business & Marketseconomic policieseconomyEIAenergyGold and CommoditiesMarketsOilproductionshaleTexas
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NEW YORK—Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is forecast to rise by about 50,000 barrels per day (bpd) to a record 5.453 million bpd in November, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. U.S. crude oil output in major…

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Oil Prices Fall on Fears of Economic Slowdown

October 18, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices edged lower on Tuesday on fears of an economic slowdown and lower fuel demand from China as it persists with its stringent zero-COVID policy. Brent crude futures fell 41 cents, or 0.45 percent, to $91.21 a barrel by 0948 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 41 cents, or 0.48…

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World Shares Mostly Gain After Rally on Wall Street

October 18, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Stocks were mostly higher in Europe and Asia on Tuesday, tracking the latest rally on Wall Street. U.S. futures advanced and the dollar was trading near 149 Japanese yen. A release of China’s most recent economic growth figures due out Tuesday was postponed, removing one factor that had been expected to drive trading. No specific…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 17)

October 17, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell 15 cents to $85.46 a barrel Monday. Brent crude for December delivery fell 1 cent to $91.62 a barrel. Wholesale gasoline for November delivery fell 4 cents to $2.59 a gallon. November heating oil rose 11 cents to $4.09 a gallon. November natural gas fell 45 cents…

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