Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 1)

September 1, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery fell $2.94 to $86.61 a barrel Thursday. Brent crude for November delivery fell $3.28 to $92.36 a barrel. Wholesale gasoline for October delivery fell 4 cents to $2.39 a gallon. September heating oil fell 11 cents to $3.56 a gallon. October natural gas rose 13 cents to $9.26…

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Gazprom Head Says ‘Sanctions Confusion’ Means Siemens Cannot Service Nord Stream 1: Interfax

September 1, 2022
Business & MarketsCompaniescrisisenergyEuropeGasGazpromGold and CommoditiesMarketsNordstreamRussiaRussia-Ukraine WarsanctionsSiemensUkraineWorld
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MOSCOW—Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural gas pipeline, Interfax news agency reported. Periodic replacement of some equipment, such as turbines, is needed to ensure the smooth transport of gas. Its state of repair…

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Sterling, Euro Slide as Dollar Marches Higher

September 1, 2022
Business & Marketseconomic policieseconomyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
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SINGAPORE/TOKYO—The dollar gained ground against the euro and sterling on Thursday after earlier hitting a 24-year peak against the Japanese yen, as investors positioned for higher U.S. interest rates and remained concerned about the health of European economies. The euro slid 0.37 percent to just hold above parity against the dollar at $1.10016, while the…

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Oil Drops on Fears Over Weaker Demand, China’s COVID-19 Restrictions

September 1, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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TOKYO—Oil prices dropped on Thursday, as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand, while renewed restrictions to curb COVID-19 in China also added pressure. Brent crude futures fell 80 cents, or 0.8 percent, to $94.84 a barrel by 0626 GMT. U.S. West Texas Intermediate…

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Stocks Slide, Dollar Spikes as September Starts With a Bump

September 1, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—September got off to a bumpy start as persistent worries about rising global interest rates and recessions hounded stock and bond markets on Thursday and drove the safe-haven U.S. dollar to a 24-year high against the yen. Near 1 percent falls in London, Frankfurt, Paris, and Milan pushed the STOXX 600 to its lowest since…

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US Gasoline Futures Fall to Pre-Ukraine Invasion Levels

August 31, 2022
Business & MarketseconomyGold and CommoditiesMarketsOilpriceUS
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HOUSTON—U.S. wholesale gasoline prices fell to their lowest levels since before Russia’s invasion of Ukraine on Wednesday, suggesting motorists in the world’s largest energy consumer will see lower pump prices in coming weeks. U.S. gasoline futures fell as low as $2.5899 per gallon on Wednesday, the lowest since Feb. 18, just before Moscow invaded Ukraine,…

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Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 31)

August 31, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for October delivery fell $2.09 to $89.55 a barrel Wednesday. Brent crude for October delivery fell $2.82 to $96.49 a barrel. Wholesale gasoline for September delivery fell 9 cents to $2.61 a gallon. September heating oil fell 10 cents to $3.72 a gallon. October natural gas rose 9 cents to $9.13…

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Wall Street Opens Higher as Tech Stocks Rebound, Oil Drops

August 31, 2022
Business & MarketsCompanieseconomic policieseconomyenergyGold and CommoditiesinflationMarketsMedia & Big TechrecessionstocksUS
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U.S. stock indexes opened higher on Wednesday as technology and growth stocks rebounded, while weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation. The Dow Jones Industrial Average rose 36.28 points, or 0.11 percent, at the open to 31,827.15. The S&P 500 opened higher by 14.51 points, or…

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High Inflation, Recession Risk Widen ECB Dilemma

August 31, 2022
Business & MarketsECBeconomic policieseconomyenergyEuropeeurozoneGold and CommoditiesinflationMarketsrecessionWorld
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FRANKFURT—Eurozone inflation jumped to another record high and will soon hit double-digit territory, heralding a string of big interest rate hikes even as a painful recession appears increasingly certain. Driven by expensive gas and a devastating drought, consumer prices jumped more than expected in August and further rises are already in the pipeline, suggesting more…

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Oil Prices Fall 3 Percent on Recession Fears

August 31, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, bearish oil demand signals from OPEC+, and increased restrictions to curb COVID-19 in China. Brent crude futures for October, due to expire on Wednesday, were down $3.41 at $95.90 a barrel following Tuesday’s $5.78 loss. The more…

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