Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 11)

October 11, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell $1.78 to $89.35 a barrel Tuesday. Brent crude for December delivery fell $1.90 to $94.29 a barrel. Wholesale gasoline for November delivery rose 1 cent to $2.63 a gallon. November heating oil rose 2 cents to $3.93 a gallon. November natural gas rose 16 cents to $6.60…

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Putin Says Russia Not Working ‘Against Anyone’ in Energy Markets

October 11, 2022
Business & Marketscrisiseconomic policieseconomyemiratesenergyEuropeGold and CommoditiesMarketsMiddle EastPutinRussiaRussia-Ukraine WarUkraineWorld
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President Vladimir Putin said on Tuesday that Russia was not working against anyone on energy markets and was seeking a balance between oil supply and demand, a week after Washington criticized a decision by OPEC+ to steeply cut oil production. Speaking with President Sheikh Mohammed bin Zayed al-Nahyan of the United Arab Emirates, Putin said…

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Gazprom: NATO Mine Destroyer Was Found at Nord Stream 1 in 2015

October 11, 2022
Business & MarketsCompaniescrisisdestroyerenergyEuropeGazpromGold and CommoditiesMarketsMineNATONordstreamRussiaUkraineWorld
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MOSCOW—A spokesperson for Russian energy giant Gazprom said on Monday that a mine destroyer discovered at the Nord Stream 1 offshore gas pipeline in 2015 belonged to NATO. Nord Stream reported on that date in 2015 that a “munitions object” had been cleared by the Swedish armed forces, without giving more detail on the object….

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Oil Falls More Than 2 Percent on Recession and China COVID-19 Fears

October 11, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil slid more than 2 percent on Tuesday, extending losses of nearly 2 percent in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern over global demand. World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of…

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Global Shares Fall on Tech Sector Losses, Recession Fears

October 11, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Asian and European shares were mostly lower Tuesday as losses in the technology sector weighed on global benchmarks. France’s CAC 40 dipped 0.6 percent to 5,807.12. Germany’s DAX lost 0.7 percent to 12,183.60. Britain’s FTSE 100 dropped 1.2 percent to 6,878.65. The future for the Dow industrials was down 0.7 percent at 29,059.00. The contract…

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Hungary, Serbia Form Joint Plan to Build Russian Oil Pipeline to Belgrade

October 11, 2022
Business & MarketsCompanieseconomic policieseconomyenergyEuropeGold and CommoditiesHungaryMarketsoil pipelineRussiaRussia-Ukraine WarSerbiaWorld
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The governments of Hungary and Serbia have agreed to invest in a pipeline to allow oil to flow to Serbia from the Russian Urals through the Druzhba pipeline. Oil shipments via Croatia were hit under the new energy sanctions on Russian by the European Union, according to the government in Budapest on Oct. 10. The…

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Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 10)

October 10, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell $1.51 to $91.13 a barrel Monday. Brent crude for December delivery fell $1.73 to $96.19 a barrel. Wholesale gasoline for November delivery fell 11 cents to $2.62 a gallon. November heating oil fell 11 cents to $3.91 a gallon. November natural gas fell 31 cents to $6.44…

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Kremlin Praises OPEC+ for Countering US ‘Mayhem’

October 10, 2022
Business & Marketscrisiseconomic policieseconomyenergyEuropeGold and CommoditiesInternationalMarketsMayhemOPECRussiaUkraineUSWorld
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MOSCOW—The Kremlin on Sunday praised OPEC+ for agreeing on production cuts that had successfully countered the “mayhem” sown by the United States in global energy markets. The White House pushed hard to prevent the output cut. Biden hopes to keep U.S. gasoline prices from spiking again ahead of midterm elections in which his Democratic party…

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Eurozone Investor Morale Drops for 3rd Month: Sentix

October 10, 2022
BusinessBusiness & MarketseconomyenergyEuropeeurozoneGold and CommoditiesinflationMarketsMoralerecessionRussia-Ukraine WarSentixWorld
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BERLIN—Investor morale in the eurozone slid for the third consecutive month in October to its lowest level since May 2020 signaling a deep recession for the 19-country currency bloc, a survey showed Monday. Sentix’s index for the eurozone tumbled to—38.3 points in October from—31.8 in September, below expectations of analysts polled by Reuters for a…

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Silver Bars vs. Coins—Which Should You Buy?

October 10, 2022
Business & MarketscoinsGold and CommoditiesMarketssilverSponsored Content
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Silver bars vs. coins: Which is the better choice for investors? The world of precious metals investments can be volatile. Still, there’s no denying that gold and silver are ideal choices for diversifying your investment portfolio and growing your wealth over the long term. Historically, gold gets all the glory, but silver coins or bars…

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