Category: Gold and Commodities

Yellen Says Oil Prices Could Spike in Winter

September 12, 2022
Business & MarketseconomyenergyGold and CommoditiesincreaseJanet YellenMarketsOil price
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Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, adding that a proposed Western price cap on Russia’s oil exports is being designed to keep prices in check. “It’s a risk, and it’s a risk…

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Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 9)

September 9, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery rose $3.25 to $86.79 a barrel Friday. Brent crude for November delivery rose $3.69 to $92.84 a barrel. Wholesale gasoline for October delivery rose 8 cents to $2.43 a gallon. October heating oil rose 4 cents to $3.58 a gallon. October natural gas rose 8 cents to $8…

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Dollar Set for Weekly Fall as Euro Bounces on ECB Hike

September 9, 2022
Business & Marketscryptocurrencyeconomic policieseconomyenergyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—The dollar was on track for its first weekly fall in four on Friday, as a hawkish rate hike from the European Central Bank lifted the euro and investors looked to U.S. inflation data early next week. The dollar lost ground across the board, with the dollar index—which tracks the greenback against six major peers—falling…

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Oil Supported by Supply Threats yet Still Set for Weekly Drop on Demand Fears

September 9, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs weighed on the demand outlook. Russian President Vladimir Putin has threatened to halt oil and gas exports to Europe if price caps are imposed and…

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Global Shares Higher on Wall Street Rise, Fed Chair Comments

September 9, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global stock benchmarks rose Friday, as comments from the U.S. Federal Reserve chairman assured markets that interest rate increases will likely be within expectations. France’s CAC 40 added 0.7 percent in early trading to 6,168.33, while Germany’s DAX gained 0.9 percent to 13,014.33. Britain’s FTSE 100 rose nearly 1.1 percent to 7,338.96. U.S. shares were…

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Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 8)

September 8, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery rose $1.60 to $83.54 a barrel Thursday. Brent crude for November delivery rose $1.15 to $89.15 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.35 a gallon. October heating oil fell 5 cents to $3.54 a gallon. October natural gas rose 8 cents to $7.92…

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Oil Prices Fall Further as China Extends COVID-19 Curbs

September 8, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell on Thursday, extending sharp losses from the previous session, as China’s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic activity globally would hit fuel demand. Brent crude futures lost 40 cents, or 0.4 percent, to $87.60 per barrel by 1002 GMT, near a late-January…

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Global Shares Rise as Investors Watch for Central Bank Moves

September 8, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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TOKYO—Global stock benchmarks mostly rose Thursday as investors closely watched a European central bank meeting and sought to juggle concerns about inflation and recession. France’s CAC 40 rose 0.1 percent to 6,113.98 in early trading, while Germany’s DAX slipped nearly 0.1 percent to 12,904.97. Britain’s FTSE 100 added 0.4 percent to 7,269.52. U.S. shares were…

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EU Plans to Cap Russian Gas Price as Putin Warns West of Winter Freeze

September 7, 2022
Business & MarketseconomyenergyEuropeGasGold and CommoditiesInternationalMarketsRussiaRussia-Ukraine WarVladimir PutinWorld
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BRUSSELS/VLADIVOSTOK Russia—The European Union proposed a price cap on Russian gas on Wednesday after President Vladimir Putin threatened to cut off all energy supplies if it took such a step, raising the risk of rationing in some of the world’s richest countries this winter. The escalating standoff could drive up sky-high European gas prices further,…

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Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 7)

September 7, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery fell $4.94 to $81.94 a barrel Wednesday. Brent crude for November delivery fell $4.83 to $88 a barrel. Wholesale gasoline for October delivery fell 11 cents to $2.31 a gallon. October heating oil rose 2 cents to $3.59 a gallon. October natural gas fell 31 cents to $7.84…

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