Category: Gold and Commodities

Oil Rises 2 Percent on Supply Concerns, Expectations for Fuel Switching

September 14, 2022
Business & Marketscrudeeconomic policieseconomyenergyglobalGold and CommoditiesIEAinflationMarketsOilrecessionstocks
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NEW YORK—Oil rose about 2 percent on Wednesday, rebounding from the previous day’s lows, as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter, even though the outlook for demand remains gloomy. Brent crude futures rose by $1.86 a barrel, or 2 percent, to $95.03 by 11:58 a.m….

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World Shares Fall, Tracking Wall Street Dismay Over Price Data

September 14, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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World markets slipped Wednesday after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy. European benchmarks were marginally lower while Asia saw bigger losses. U.S. futures edged higher, with the contracts for the Dow industrials and the S&P 500 up 0.3…

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Australian Stock Exchange Rises Again in Fourth Day of Gains

September 13, 2022
asxBusiness & MarketseconomyGold and CommoditiesMarketsstocks
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The local share market has closed higher for a fourth straight day, finishing above the 7000 level for the first time in two and a half weeks ahead of another monthly report on U.S. inflation. The benchmark S&P/ASX200 index on Tuesday closed up 45.2 points, or 0.65 per cent, to 7009.7. The broader All Ordinaries…

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

September 13, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery fell 47 cents to $87.31 a barrel Tuesday. Brent crude for November delivery fell 83 cents to $93.17 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.48 a gallon. October heating oil fell 6 cents to $3.54 a gallon. October natural gas rose 3 cents…

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Oil Slips After Bearish US Economic Data

September 13, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices eased on Tuesday, reversing earlier gains, as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week. Brent crude was down 80 cents, or 0.9 percent, to $93.20 a barrel at 1254 GMT, while WTI crude fell 77 cents, or…

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Stocks Tumble After Inflation Stays Hotter Than Expected

September 13, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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NEW YORK—Stocks are tumbling and disappointment is shaking markets worldwide Tuesday, following Wall Street’s realization that inflation isn’t slowing as much as hoped. The S&P 500 sank 2.3 percent in early trading Tuesday, threatening to snap a four-day winning streak. Bond prices also fell sharply, sending their yields higher, after a report showed inflation decelerated…

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

September 12, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery rose 99 cents to $87.78 a barrel Monday. Brent crude for November delivery rose $1.16 to $94 a barrel. Wholesale gasoline for October delivery rose 1 cent to $2.44 a gallon. October heating oil rose 2 cents to $3.60 a gallon. October natural gas rose 25 cents to…

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Gold Market Cap: How Big Is the Gold Market?

September 12, 2022
Business & MarketscommoditiesGold and Commoditiesgold marketInvestmentmarket capitalizationMarketsPrecious MetalssilverSponsored Content
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The total gold market cap is approximately $11.34 trillion. Should the gold market capitalization be a crucial factor in your precious metal investment choices? Precious metals like gold and silver provide extensive benefits for commodities investors, but they are not attractive only as hedges against inflation. The market capitalization of your chosen commodity also brings certain…

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Oil Prices Rise as Supply Uncertainty Mounts

September 12, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed, with tight supply struggling to meet still robust demand. Brent crude futures rose 88 cents, or 1 percent, to $93.72 a barrel by 1100 GMT. U.S. West Texas Intermediate crude was up 69 cents,…

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World Shares Advance After Wall Street’s End of Week Rally

September 12, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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Shares climbed Monday in Europe and Asia after last week’s strong close on Wall Street snapped a three-week losing streak. Many Asian markets were closed for holidays. U.S. futures rose while oil prices turned higher. Investors are watching for U.S. inflation figures and Chinese economic data this week. The U.S. Labor Department will release its…

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