Oil Prices
Benchmark U.S. crude oil for July delivery fell 60 cents to $79.23 per barrel Wednesday. Brent crude for July delivery fell 62 cents to $83.60 per barrel.
Gasoline and Natural Gas Prices
Wholesale gasoline for June delivery fell 5 cents to $2.46 a gallon. June heating oil fell 3 cents to $2.44 a gallon. June natural gas fell 10 cents to $2.49 per 1,000 cubic feet.
Precious Metals Prices
Gold for August delivery fell $15.20 to $2,364.10 per ounce. Silver for July delivery rose 23 cents to $32.37 per ounce, and July copper fell 7 cents to $4.79 per pound.
Foreign Exchange Rates
The dollar rose to 157.69 yen from 157.17 Japanese yen. The euro fell to $1.0806 from $1.0859.
Oil prices experienced a decline on Wednesday, with both U.S. crude and Brent crude falling. This drop can be attributed to various factors such as concerns about global economic recovery impacting demand for oil.
It’s interesting to note the fluctuation in natural gas prices as they also dropped, indicating a trend towards lower energy prices across the board.
With the rise in the dollar against the yen and the fall of the euro, there could be implications for international trade and investment, as currency movements play a significant role in these areas.
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