Category: Gold and Commodities

Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 17)

August 17, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for September delivery rose $1.58 to $88.11 a barrel Wednesday. Brent crude for October delivery rose $1.31 to $93.65 a barrel. Wholesale gasoline for September delivery rose 3 cents to $2.93 a gallon. September heating oil rose 14 cents to $3.62 a gallon. September natural gas fell 9 cents to $9.24…

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US Big Company Oil Reserves Up 13 Percent Since 2017, Deals Drive Recent Growth: Study

August 17, 2022
Business & MarketsCompanieseconomyenergyGold and CommoditiesMarketsOilreservesstudyUSUS News
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NEW YORK—U.S. oil reserves held by 50 large companies rose by 13 percent over the five years ended in December, according to an Ernst & Young report released on Wednesday, with mergers and acquisitions contributing most of the recent gain. Oil reserve estimates, which signal the direction of crude output, climbed to 31.8 billion barrels…

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US Retail Sales Were Flat in July as Inflation Takes a Toll

August 17, 2022
Business & MarketsCompanieseconomyGold and CommoditiesinflationMarketsrecessionRetailsalesUSUS News
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WASHINGTON—The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously. Retail purchases were flat after having risen 0.8 percent in June, the Commerce Department reported Wednesday. Economists had expected a slight increase in July retail sales. Still, Wednesday’s report…

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Oil Slips to Six-Month Low as Recession Fears Weigh

August 17, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil hit a six-month low on Wednesday after a brief rally as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. crude and gasoline stocks. Figures on Wednesday did little to improve the economic backdrop, showing British consumer price inflation jumped to 10.1 percent in July,…

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World Shares Edge Up Even as Inflation and Policy Concerns Linger

August 17, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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World shares edged up on Wednesday taking comfort from strong U.S. retail earnings even though the UK’s highest inflation since 1982 and a rate hike in New Zealand reminded investors of the challenges facing the global economy. MSCI’s benchmark for global stocks was up 0.1 percent by 0829 GMT, extending its July recovery, although concerns…

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Europe Drought: German Industry at Risk as Rhine Level Falls

August 17, 2022
Business & MarketscommerceEuropeGermanyGold and CommoditiesMarketsriver level fallingWorld
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BERLIN—Germany’s main industry lobby group warned Tuesday that factories may have to throttle production or halt it completely because plunging water levels on the Rhine River are making it harder to transport cargo. The Rhine’s level at Emmerich, near the Dutch border, dropped by a further four centimeters (1.6 inches) in 24 hours, hitting zero…

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

August 16, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for September delivery fell $2.88 to $86.53 a barrel Tuesday. Brent crude for October delivery fell $2.76 to $92.34 a barrel. Wholesale gasoline for September delivery fell 5 cents to $2.90 a gallon. September heating oil rose 4 cents to $3.48 a gallon. September natural gas rose 60 cents to $9.33…

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Oil Extends Losses as Weak Demand Outlook Persists

August 16, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed concerns of a global recession and the market monitored talks on a reviving deal that could allow more Iranian oil exports. Brent crude futures fell 84 cents, or 0.9 percent, to $94.26 a barrel by 0953 GMT. WTI crude futures…

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Stocks and Oil Shaky, Dollar Firms Amid Recession Fears

August 16, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SINGAPORE/LONDON—Stock markets struggled for direction on Tuesday as they grappled with worries over global growth, following weak Chinese and U.S. economic data that knocked oil prices and commodity-linked currencies. The dollar briefly hit a one-week high as investors piled back into the safe-haven currency, while the Aussie, euro, and Chinese yuan buckled. Europe’s benchmark STOXX…

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

August 15, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for September delivery fell $2.68 to $89.41 a barrel Monday. Brent crude for October delivery fell $3.05 to $95.10 a barrel. Wholesale gasoline for September delivery fell 10 cents to $2.95 a gallon. September heating oil fell 8 cents to $3.44 a gallon. September natural gas fell 4 cents to $8.73…

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