Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 20)

Benchmark U.S. crude oil for October delivery fell $1.28 to $84.45 a barrel Tuesday. Brent crude for November delivery fell $1.38 to $90.62 a barrel. Wholesale gasoline for October delivery fell 1 cent to $2.45 a gallon. October heating oil rose 6 cents to $3.37 a gallon. October natural gas fell 3 cents to $7.72…


Oil Prices Up but Expected Fed Rate Hike Paints Bearish Picture

LONDON—Oil prices ticked up on Tuesday as OPEC and its allies keep producing less than their quotas, but were headed for a fourth monthly decline ahead of an expected further U.S. interest rate hike which may curb economic growth and fuel demand. Brent crude futures for November settlement were up 41 cents, or 0.5 percent,…


Stocks Muted, Sweden Kicks Off Salvo of Central Bank Hikes

LONDON—Stocks were little changed on Tuesday as investors braced for more hefty interest rate hikes from central banks to quell inflation, with Sweden setting the tone ahead of its U.S., Swiss and British counterparts later in the week. The dollar was steady near a two-decade high versus major peers, crude oil prices were little changed,…


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

Benchmark U.S. crude oil for October delivery rose 62 cents to $85.73 a barrel Monday. Brent crude for November delivery rose 65 cents to $92 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.46 a gallon. October heating oil rose 14 cents to $3.31 a gallon. October natural gas fell 1 cent…


What Does Gold Spot Price Mean? How Does Spot Pricing Work?

You may be curious about how the gold market fluctuates or how its price is determined. Or how a spot price works with the futures market. So, what do spot prices mean for gold, and how does it work? Buying gold is a prudent option for investing. It can be volatile in the short term,…


Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 16)

Benchmark U.S. crude oil for October delivery rose 1 cent to $85.11 a barrel Friday. Brent crude for November delivery rose 51 cents to $91.35 a barrel. Wholesale gasoline for October delivery fell 1 cent to $2.42 a gallon. October heating oil fell 4 cents to $3.17 a gallon. October natural gas fell 56 cents…


Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 15)

Benchmark U.S. crude oil for October delivery fell $3.38 to $85.10 a barrel Thursday. Brent crude for November delivery fell $3.26 to $90.84 a barrel. Wholesale gasoline for October delivery fell 9 cents to $2.43 a gallon. October heating oil fell 17 cents to $3.21 a gallon. October natural gas fell 79 cents to $8.32…


Brent Crude Falls 3 Percent on Demand Concerns, Strong Dollar

LONDON—Brent crude oil fell 3 percent on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase outweighed supply concerns. The International Energy Agency said this week oil demand growth would grind to a halt in the fourth quarter. The dollar held near recent peaks, supported…


Australian Stocks Plunge 2.6 Percent

The local stock exchange has dropped sharply, tumbling along with markets around the world after a worse-than-expected US inflation report raised the prospect of even more aggressive rate hikes in the world’s largest economy. The benchmark S&P/ASX200 dropped 184 points in the first 10 minutes of trading on Wednesday and more or less treaded water…


Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 14)

Benchmark U.S. crude oil for October delivery rose $1.17 to $88.48 a barrel Wednesday. Brent crude for November delivery rose 93 cents to $94.10 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.52 a gallon. October heating oil fell 16 cents to $3.38 a gallon. October natural gas rose 83 cents to…