Category: Gold and Commodities

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

August 9, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for September delivery fell 26 cents to $90.50 a barrel Tuesday. Brent crude for October delivery fell 34 cents to $96.31 a barrel. Wholesale gasoline for September delivery rose 7 cents to $2.96 a gallon. September heating oil rose 15 cents to $3.33 a gallon. September natural gas rose 24 cents…

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Ukraine Halted Oil Flows to Europe Over Payment Issue, Russia’s Transneft Says

August 9, 2022
Business & MarketsEuropeGasGold and CommoditieshaltMarketsRussiaUkraineWorld
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MOSCOW—Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday. Benchmark Brent crude oil jumped by $2 per barrel to trade near $98 as the news added to concerns about reduced…

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Oil Slips Amid Chance of Iran Nuclear Deal Supply Boost

August 9, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which would eventually allow Tehran to boost exports in a tight market. The European Union on Monday put forward a “final” text to revive the deal….

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Stocks Stumble as Caution Reigns Ahead of US Inflation Data

August 9, 2022
Business & Marketseconomic policieseconomyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes. The stakes are high for the July U.S. consumer prices report on Wednesday after an unexpectedly strong U.S. jobs data last…

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Two More Grain Ships Leave Ukraine, Bringing Total to 12 Under New Deal

August 9, 2022
Business & MarketsEuropeGold and Commoditiesgrain exportsMarketsTurkeyUkraineUNWorld
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ISTANBUL—Two more grain-carrying ships left Ukraine’s Chornomorsk port on Tuesday, Turkey’s defense ministry said, as part of a deal to unblock Ukrainian sea exports, bringing the total to leave the country under a safe passage deal to 12. The Ocean Lion left for South Korea, carrying 64,720 tons of corn, it said, while the Rahmi…

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

August 8, 2022
Benchmark U.S. crudeBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for September delivery rose $1.75 to $90.76 a barrel Monday. Brent crude for October delivery rose $1.73 to $96.65 a barrel. Wholesale gasoline for September delivery rose 3 cents to $2.89 a gallon. September heating oil fell 4 cents to $3.18 a gallon. September natural gas fell 47 cents to $7.59…

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3rd Oil Storage Tank Collapses in Cuba Terminal Following Fire, Spill: Governor

August 8, 2022
AmericasBusiness & MarketsCubafireGold and CommoditiesMarketsOilstorageWorld
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HAVANA—A third crude tank caught fire and collapsed at Cuba’s main oil terminal Matanzas, a local governor said on Monday, as an oil spill spread flames from a second tank that caught fire two days earlier in the island’s biggest oil industry accident in decades. Cuba had made progress fighting off the raging flames during…

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Turkey Offers ‘A Warehouse and Bridge’ for Metals Trade to Russia

August 8, 2022
Business & Marketscrisiseconomic policieseconomyEuropeGold and CommoditiesMarketsmetalsRussiaRussia-Ukraine WartradeTurkeyUkraineWorld
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ISTANBUL—Western sanctions have given the Turkish metals sector a chance to serve as “warehouse and bridge,” the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey. The West, including Britain and European Union countries, have imposed sanctions on Russian elites,…

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Gold as Inflation Hedge

August 8, 2022
Business & MarketsgoldGold and CommoditiesMarketsSponsored Content
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With inflation a growing concern, many investors are looking for assets that will let them hedge against inflation. You can seek inflation protection from several investment strategies like gold, real estate, international stocks, bank loans, and more. At the Oxford Gold Group, we believe gold is an excellent investment option for combatting times of high…

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Oil Stays Near Multi-Month Lows on Demand Worries

August 8, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China and the United States. Erasing earlier gains, Brent crude futures were down 51 cents, or 0.5 percent, at $94.41 a barrel by 0816 GMT. U.S….

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