The market saw a significant rise in oil prices on Tuesday, with benchmark U.S. crude oil for February delivery spiking to $75.57 per barrel, an increase of $2.01. Meanwhile, Brent crude for February delivery also experienced a jump, rising $2 to $81.07 per barrel.
In addition to the surge in oil prices, wholesale gasoline for January delivery rose by 3 cents to $2.16 a gallon, while January heating oil saw a 1 cent increase, reaching $2.67 a gallon. On the other hand, January natural gas fell by 6 cents to $2.55 per 1,000 cubic feet.
Meanwhile, in the precious metals market, gold for February delivery saw a modest increase of 70 cents, reaching $2,069.80 per ounce. However, silver for March delivery experienced a decline, falling by 17 cents to $24.40 per ounce. Additionally, March copper fell by 1 cent, reaching $3.90 per pound.
In the currency exchange market, the dollar rose to 142.49 yen from 142.45 Japanese yen, while the euro also saw an increase, rising to $1.1045 from $1.1011.
The fluctuations in these key market indicators have the potential to impact a wide range of industries and sectors, from oil and gas to precious metals and currencies. Investors and analysts will be closely monitoring these developments to gauge their potential implications on the global economy.
The Epoch Times copyright © 2023. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
Dec. 26 Closing Prices for Crude Oil, Gold, and Other Commodities
#news24h
Hot News
National
- June 1, 2024 | 0 Comments
Elderly couple attacked by bear in their home in Gunma Prefecture
- June 1, 2024 | 0 Comments
Barrier at viral Mount Fuji photo spot to be replaced after holes found
- May 18, 2024 | 0 Comments
Japan Passes Ground-Breaking Law Allowing Joint Child Custody for Divorced Parents
- May 18, 2024 | 0 Comments
Yokohama City Fire Department Apologizes for Ambulance Delay Leading to Patient’s Death
Business
- June 1, 2024 | 0 Comments
Closing Prices for Crude Oil, Gold, and Other Commodities (May 31)
- June 1, 2024 | 0 Comments
OpenAI Disrupts Influence Operations Linked to China, Russia, and Others
Politics
- June 2, 2024 | 0 Comments
Biden, Trump Test Executive Privilege With Claims
- June 1, 2024 | 0 Comments
Louisiana Bill Authorizing Physical Castration for Sex Offenders Heads to Governor’s Desk
- June 1, 2024 | 0 Comments
Trump and RNC Launch Grassroots Voter Outreach Effort Citing ‘Rigged Biden Trial’
- June 1, 2024 | 0 Comments
Trump May Not Be Able to Vote for Himself Amid Conviction
Crime
- June 1, 2024 | 0 Comments
Man Sentenced to 47 Years to Life for Kidnapping 9-Year-Old Girl From Upstate New York Park
- June 1, 2024 | 0 Comments
Man Who Set Himself on Fire Outside Trump Trial Courthouse Identified, in Critical Condition
- June 1, 2024 | 0 Comments
Suspected Cache of Rocket Launchers, Handguns, Hand Grenades Found near Kitakyushu River