Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 13)

October 13, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery rose $1.84 to $89.11 a barrel Thursday. Brent crude for December delivery rose $2.12 to $94.57 a barrel. Wholesale gasoline for November delivery rose 7 cents to $2.70 a gallon. November heating oil rose 16 cents to $4.09 a gallon. November natural gas rose 30 cents to $6.74…

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Norwegian Police Say Threat Against Major Gas Plant Resolved

October 13, 2022
Business & MarketsCompaniesenergyEuropeGasGold and CommoditiesincidentMarketsNorwegianNyhamnaWorld
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OSLO—Norwegian police on Thursday responded to a threat made by telephone against the Nyhamna gas processing plant, one of Europe’s largest energy export facilities, and later said the incident had been resolved. The threat came amid heightened concerns about the security of oil and gas infrastructure following suspected sabotage of Russia’s Nord Stream gas pipelines…

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Russia Rebukes Germany, Denmark, Sweden for Not Including It in Nord Stream Probe

October 13, 2022
Business & MarketsCompaniesDenmarkeconomic policieseconomyenergyEuropeexplosionGazpromGermanyGold and CommoditiesleaksMarketsNordstreamprobeRussiaRussia-Ukraine WarSwedenWorld
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LONDON—Russia said on Thursday it had summoned diplomats from Germany, Denmark, and Sweden to complain that representatives from Moscow and Gazprom had not been invited to join an investigation into ruptures of the Nord Stream gas pipelines. “Russia will obviously not recognise the pseudo-results of such an investigation unless Russian experts are involved,” the foreign…

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Oil Prices Rise on Tight Supplies, as IEA Warns of Global Recession

October 13, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices firmed on Thursday, finding continued support from an OPEC+ decision last week to cut supplies, as the International Energy Agency warned that those cuts may push the global economy into recession. Brent crude futures rose 49 cents, or 0.5 percent, to $92.94 a barrel by 0833 GMT. U.S. West Texas Intermediate crude was…

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World Stocks Slip to Near 2-year Low Ahead of US CPI Data

October 13, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—World stocks slipped to a near 2-year low and Japan’s yen was pinned near 1998 levels on Thursday, as investors braced for key U.S. inflation data later likely to shape the size of the Federal Reserve’s next interest rate hike. Global markets have suffered a torrid few weeks and there was little sign of respite…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 12)

October 12, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell $2.08 to $87.27 a barrel Wednesday. Brent crude for December delivery fell $1.84 to $92.45 a barrel. Wholesale gasoline for November delivery was unchanged at $2.63 a gallon. November heating oil was unchanged at $3.93 a gallon. November natural gas fell 16 cents to $6.44 per 1,000…

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OPEC Cuts 2022, 2023 Oil Demand Growth View as Economy Slows

October 12, 2022
Business & Marketscuteconomic policieseconomyenergyEuropeglobalGold and CommoditiesinflationInternationalMarketsOilOPECrecessionWorld
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LONDON—OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year’s figure, citing slowing economies, the resurgence of China’s COVID-19 containment measures and high inflation. Oil demand will increase by 2.64 million barrels per day (bpd) or 2.7 percent in 2022, the…

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Putin Moots Gas Hub in Turkey With Nord Stream Supplies

October 12, 2022
Business & Marketscrisiseconomic policieseconomyenergyEuropeGasGold and CommoditiesMarketsNordstreamPutinRussiaRussia-Ukraine WarTurkeyUkraineWorld
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MOSCOW—President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU. An investigation is under way into explosions last month that…

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Oil Gains on Tight Supply, but Dollar Weighs

October 12, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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Oil futures recouped some losses on Wednesday, recovering from a 2 percent slide in the previous session, supported by supply concerns stemming from last week’s OPEC+ cut to its production target, though a stronger dollar weighed on sentiment. Brent crude futures were up 62 cents, or 0.7 percent, at $94.91 a barrel by 1120 GMT…

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Global Shares Mixed, British Pound Weakens Against Dollar

October 12, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global shares were mixed Wednesday as traders braced for updates on inflation, retail sales, and corporate earnings. The British pound weakened against the U.S. dollar after the governor of the Bank of England, Andrew Bailey, confirmed the bank will not extend beyond Friday an emergency debt-buying plan introduced last month to stabilize financial markets. The…

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