The Latest on Oil Prices
Benchmark U.S. crude oil for September delivery rose 69 cents to $78.28 per barrel Thursday. Brent crude for September delivery rose 66 cents to $82.37 per barrel.
Gasoline and Energy Prices
Wholesale gasoline for August delivery rose 2 cents to $2.47 a gallon. August heating oil also rose 2 cents to $2.47 a gallon. August natural gas fell 8 cents to $2.04 per 1,000 cubic feet.
Precious Metals Update
Gold for August delivery fell $62.50 to $2,353.50 per ounce. Silver for September delivery fell $1.34 to $27.98 per ounce, and September copper rose 2 cents to $4.13 per pound.
Forex Movement
The dollar fell to 153.81 Japanese yen from 154.01 yen. The euro rose to $1.0848 from $1.0838.
Additional insight: The rise in oil prices can be attributed to increasing demand as economies continue to recover from the impact of the COVID-19 pandemic. The fluctuation in precious metal prices reflects investor sentiment and market dynamics. Overall, these price movements serve as indicators of economic health and global market conditions.
