Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 30)

September 30, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell $1.74 to $79.49 a barrel Friday. Brent crude for November delivery fell 53 cents to $87.96 a barrel. Wholesale gasoline for October delivery fell 4 cents to $2.47 a gallon. October heating oil fell 5 cents to $3.37 a gallon. November natural gas fell 11 cents to…

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Germany Agrees 200 Billion Euro Package to Shield Against Surging Energy Prices

September 30, 2022
Business & Marketscrisiseconomic policieseconomyenergyEuropeGermanyGold and CommoditiesinflationMarketsRussia-Ukraine WarUkraineWorld
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BERLIN—German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) “defensive shield,” including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices. Europe’s biggest economy is trying to cope with surging gas and electricity costs caused largely…

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Inflation Hits Record 10 Percent in 19 EU Countries Using Euro

September 30, 2022
Business & Marketseconomic policieseconomyenergyEuropeeurozoneGold and CommoditiesinflationMarketsrecessionWorld
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FRANKFURT, Germany—Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe’s major economies as higher prices undermine consumers’ spending power. Consumer prices in the 19-country eurozone rose a record 10 percent in September…

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Oil Set for Weekly Gain as OPEC+ Considers Output Cut

September 30, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07 percent, to $89.44 a…

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Global Stocks Mixed After Eurozone Inflation Rises

September 30, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stocks were mixed Friday after inflation in 19 countries that use Europe’s euro currency spiked to a record and Chinese factory activity weakened. London and Frankfurt opened higher. Shanghai and Tokyo declined while Hong Kong advanced. Wall Street futures rebounded after the benchmark S&P 500 index fell Thursday to its lowest level in almost…

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Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 29)

September 29, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery fell 92 cents to $81.23 a barrel Thursday. Brent crude for November delivery fell 83 cents to $88.49 a barrel. Wholesale gasoline for October delivery fell 7 cents to $2.51 a gallon. October heating oil fell 4 cents to $3.41 a gallon. November natural gas fell 9 cents…

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4th Leak Reported on Nord Stream Pipelines in Baltic Sea

September 29, 2022
BalticBusiness & MarketsCompaniesenergyEuropeGold and CommoditiesleaksMarketsNordstreampipelinesRussiaRussia-Ukraine WarWorld
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STOCKHOLM—A fourth leak on the Nord Stream pipelines has been reported off southern Sweden, the Swedish coast guard said Thursday. “We have leakage at two positions” off Sweden, coast guard spokesperson Mattias Lindholm. There are two more off Denmark, he said. Two of the leaks are on the Nord Stream 1 pipeline that recently stopped…

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Oil Rises Towards $90 on Production Cuts Caused by Hurricane Ian

September 29, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices firmed on Thursday, erasing earlier losses, as oil production was shut down by Hurricane Ian in the Gulf of Mexico, though a stronger dollar and weak economic outlook kept a lid on gains. Brent crude futures rose 52 cents, or 0.6 percent, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by…

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Global Stocks Fall After UK’s Truss Defends Tax Cuts

September 29, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—European stocks tumbled Thursday and Asian markets were mixed after British Prime Minister Liz Truss defended a tax-cut plan that rattled investors. London’s market benchmark plunged 2.3 percent and Frankfurt lost 1.9 percent in early trading. Shanghai and Hong Kong also declined. Tokyo and Seoul advanced. The future for Wall Street’s benchmark S&P 500 index…

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

September 28, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for November delivery rose $3.65 to $82.15 a barrel Wednesday. Brent crude for November delivery rose $3.05 to $89.32 a barrel. Wholesale gasoline for October delivery rose 9 cents to $2.58 a gallon. October heating oil rose 19 cents to $3.45 a gallon. October natural gas rose 22 cents to $6.87…

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