Benchmark U.S. crude oil for July delivery rose 12 cents to $78.62 per barrel Thursday. Brent crude for August delivery rose 15 cents to $82.75 per barrel.
Oil Prices
Oil prices experienced a slight increase, with U.S. crude oil and Brent crude both seeing a rise in prices. This can be attributed to various factors such as supply and demand dynamics, geopolitical events, and market speculation.
Wholesale gasoline for July delivery rose 3 cents to $2.42 a gallon. July heating oil rose 5 cents to $2.49 a gallon. July natural gas fell 9 cents to $2.96 per 1,000 cubic feet.
Gas Prices
Gasoline and heating oil prices also saw fluctuations, with gasoline prices increasing while natural gas prices experienced a decrease. These price changes can impact consumers and various industries that rely on these resources.
Gold for August delivery fell $36.80 to $2,318 per ounce. Silver for July delivery fell $1.20 to $29.07 per ounce, and July copper fell 9 cents to $4.48 per pound.
Precious Metals Market
The precious metals market witnessed a decline, with gold, silver, and copper prices all dropping. Investors often turn to precious metals as a safe-haven investment during times of economic uncertainty, which can influence price movements in this market.
The dollar rose to 156.90 yen from 156.59 Japanese yen. The euro fell to $1.0739 from $1.0812.
Foreign Exchange Market
The foreign exchange market exhibited mixed movements, with the dollar strengthening against the yen while the euro weakened. Currency fluctuations can impact international trade, foreign investment, and various economic indicators in different countries.
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