Oil Prices
Benchmark U.S. crude oil for June delivery fell 5 cents to $78.95 per barrel Thursday. Brent crude for July delivery rose 23 cents to $83.67 per barrel.
Gasoline and Natural Gas
Wholesale gasoline for June delivery rose 2 cents to $2.60 a gallon. June heating oil fell 1 cent to $2.44 a gallon. June natural gas rose 11 cents to $2.04 per 1,000 cubic feet.
Precious Metals
Gold for June delivery fell $1.40 to $2,309.60 per ounce. Silver for July delivery rose 8 cents to $26.83 per ounce, and July copper fell 7 cents to $4.48 per pound.
Currency Exchange Rates
The dollar fell to 153.10 yen from 157.15 Japanese yen. The euro rose to $1.0730 from $1.0728.
Oil prices can be influenced by various factors such as global demand, geopolitical tensions, and production quotas set by oil-producing countries. The fluctuation in oil prices can have a ripple effect on other commodities, including gasoline, natural gas, and precious metals. Investors often closely monitor these markets for trends and potential investment opportunities.
