Category: Gold and Commodities

Oil Drops as China Data Disappoints, Iran Talks in Focus

August 15, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China, the world’s largest crude importer, and ahead of Iran’s response to a nuclear deal proposal which could raise the country’s oil exports. Brent crude futures fell $3.49, or 3.56 percent, to $94.66 a barrel by 0945 GMT after…

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Stocks Struggle as China Rate Cut Sends Oil Tumbling

August 15, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world’s second largest economy, sending oil prices nearly 2 percent lower. Weaker U.S. stock index futures also weighed on sentiment, while a steadier dollar knocked gold. The MSCI…

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High Oil Prices Help Saudi Aramco Earn $88 Billion in First Half

August 14, 2022
Business & MarketsCompaniesGold and CommoditiesMarketsNatural gasOilSaudi ArabiaSaudi Aramco
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DUBAI, United Arab Emirates—Saudi energy company Aramco said Sunday its profits jumped 90 percent in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. Major oil companies had a strong quarter with Exxon Mobil booking an unprecedented $17.85 billion profit while Chevron made a record $11.62…

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Two More Ships Depart From Ukraine: Turkey’s Defence Ministry

August 13, 2022
Business & MarketscrisisEuropeGold and CommoditiesgrainMarketsRussiaRussia-Ukraine WarTurkeyUkraineWorld
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ANKARA—Two more ships left from Ukraine’s Black Sea ports on Saturday, Turkey’s defense ministry said, bringing the total number of ships to depart the country under a U.N.-brokered deal to 16. The Barbados-flagged Fulmar S left Ukraine’s Chornomorsk port, carrying 12,000 tonnes of corn to Turkey’s southern Iskenderun Province, it said. The Marshall Island-flagged Thoe…

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2 More Ships Depart From Ukraine: Turkey’s Defense Ministry

August 13, 2022
Business & MarketscrisisEuropeGold and CommoditiesgrainMarketsRussiaRussia-Ukraine WarTurkeyUkraineWorld
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ANKARA—Two more ships left from Ukraine’s Black Sea ports on Saturday, Turkey’s defense ministry said, bringing the total number of ships to depart the country under a U.N.-brokered deal to 16. The Barbados-flagged Fulmar S left Ukraine’s Chornomorsk port, carrying 12,000 tonnes of corn to Turkey’s southern Iskenderun Province, it said. The Marshall Island-flagged Thoe…

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First Export of Wheat Under UN Deal as Two More Ships Leave Ukraine

August 12, 2022
Business & MarketsEuropeGold and CommoditiesgrainMarketsRussia-Ukraine WarUkraineWorld
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ISTANBUL—Two more ships left Ukraine’s Black Sea ports on Friday, including one laden with the first Ukrainian wheat to be exported under a U.N.-brokered deal, Turkey’s defense ministry said. A total 14 ships have now departed from Ukraine over the past two weeks, following the deal with Russia to allow a resumption of grain exports…

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

August 12, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal financeUncategorized
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Benchmark U.S. crude oil for September delivery fell $2.25 to $92.09 a barrel Friday. Brent crude for October delivery fell $1.45 to $98.15 a barrel. Wholesale gasoline for September delivery fell 2 cents to $3.05 a gallon. September heating oil rose 4 cents to $3.52 a gallon. September natural gas fell 10 cents to $8.77…

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US Import Prices Decline for First Time in 7 Months

August 12, 2022
Business & MarketseconomyGold and CommoditiesimportsinflationMarketstradeUSUS News
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U.S. import prices posted their first decline in seven months in July, helped by a strong U.S. dollar and on lower costs for both fuel and nonfuel products in another sign that inflation may have peaked. Import prices fell by a more-than-expected 1.4 percent last month after rising 0.3 percent in June, the Labor Department…

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Oil Prices Set for Weekly Climb, but Cloudy Outlook Caps Gains

August 12, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell on Friday as recession fears clouded the demand outlook yet remained on track for a weekly rise. Brent crude futures were down $1.15, or 1.2 percent, to $98.45 a barrel 1110 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.48 or 1.6 percent to $92.86 a barrel. Brent was on…

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World Stocks Eye 4th Week of Gains on Fed Outlook

August 12, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/TOKYO—World stocks headed for a fourth straight week of gains on Friday as investors scaled back views on how far U.S. interest rates and inflation can climb, while oil recouped some of the previous week’s losses. A slight easing of inflation readings drove global stocks higher and capped a rising dollar this week, though a…

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