Benchmark U.S. crude oil for September delivery rose $2.20 to $98.62 a barrel Friday. Brent crude for September delivery rose 52 cents to $107.14 a barrel. Wholesale gasoline for August delivery fell 2 cents to $3.49 a gallon. August heating oil fell 6 cents to $3.62 a gallon. September natural gas rose 10 cents to…
Gold and Silver Investing: Is Silver Playing Catch-Up to Gold?
During tumultuous financial periods when the market is anything but certain, investors flock to the precious metals market as a safe, low-risk option for diversifying their portfolios. Specifically, seasoned investors and hard-asset enthusiasts pay close attention to the gold-silver ratio, which dictates the market strategy of many business owners and entrepreneurs. Many investors closely monitor this…
Oil Prices Pushed Up as Market Weighs Tight Supply Against Recession Fears
July 29, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecession
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LONDON—Oil prices rose in European trading on Friday, lifted by supply concerns as attention turned to next week’s OPEC+ meeting. Brent crude futures for September settlement, due to expire on Friday, gained $2.34 to $109.48 a barrel by 0933 GMT for its highest since July 5. The more active October contract was up $2.30 at…
World Stocks Eye Best Month Since Late 2020, Dollar Slips
July 29, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global stocks rose on Friday, on course for their best month since late 2020, as eurozone growth beat expectations, while the dollar staged a recovery from the day’s lows as traders await fresh U.S. data for clues to the outlook for rates. As inflation surges across major markets and central bankers fight to raise rates…
Closing Prices for Crude Oil, Gold and Other Commodities (July 28)
Benchmark U.S. crude oil for September delivery fell 84 cents to $96.42 a barrel Thursday. Brent crude for September delivery rose $2.22 to $106.62 a barrel. Wholesale gasoline for August delivery rose 4 cents to $3.46 a gallon. August heating oil fell 3 cents to $3.69 a gallon. September natural gas fell 55 cents to…
Oil Extends Gains as Risk Appetite Improves, US Inventories Fall
July 28, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand in the United States supported prices. Brent crude futures for September rose $1.65, or 1.55 percent, to $108.27 a barrel by 1034 GMT,…
Shares Take Breather After Fed Rally, Dollar Slips on Yen
July 28, 2022
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
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LONDON—World shares consolidated a 6-week high on Thursday as investors scented a possible slowdown in the pace of U.S. rate hikes that had comforted bond markets and sent the dollar to a three-week low on the yen. Europe made an upbeat start as record-busting $11.5 billion profits from oil giant Shell sent commodities shares soaring,…
Kremlin: Gazprom Is Supplying as Much Gas to Europe as Possible
July 27, 2022
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Business & MarketscrisisDmitry PeskoveconomyenergyEuropeGasGazpromGold and CommoditiesMarketsNordRussiaRussia-Ukraine WarstreamUkraineWorld
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MOSCOW—Russia’s Gazprom is supplying as much gas to Europe as possible, Kremlin spokesman Dmitry Peskov told reporters on Wednesday, adding that sanctions-driven technical issues with equipment were preventing Gazprom from exporting more. Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that…
Oil Rises on US Inventory Drop, Russian Gas Cuts
LONDON—Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming U.S. interest rate hike. Industry group the American Petroleum Institute said on Tuesday crude stocks fell by 4 million barrels, four…
Buoyant Company Earnings Lift Recession-Focused Markets
July 27, 2022
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Better-than-expected earnings from a raft of U.S. and European companies helped steady global stock markets on Wednesday, cutting through gloom caused by rising interest rates and the threat of an energy crunch due to Russian gas supply cuts. Ten-year U.S. Treasury bond yields—the reference rate for global cost of capital—held near three-month lows touched on…
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