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Fluctuations in Oil and Commodity Prices

Published: 03 May 2024 at 21:22

Finance & Economics

Benchmark U.S. crude oil for June delivery fell 84 cents to $78.11 per barrel, with Brent crude for July delivery dropping 71 cents to $82.96 per barrel. The prices of wholesale gasoline, heating oil, natural gas, gold, silver, and copper experienced various changes as well. Additionally, the dollar fell to 152.94 yen, while the euro rose to $1.0768. This market update showcases the fluctuations in oil and commodity prices alongside currency movements.

DEEP DIVE


Daily Market Update: Oil, Gas, Metals, and Currency Prices


Benchmark U.S. crude oil for May delivery fell to $86.43 per barrel, while Brent crude for June delivery fell to $90.38 per barrel. Gasoline and heating oil prices dropped, but natural gas prices rose. Gold and silver prices increased, along with copper prices. The dollar strengthened against the yen, and the euro also rose. These fluctuations reflect the current market conditions on Monday.

Daily Market Recap: Commodities and Currencies Update


Benchmark U.S. crude oil for May delivery dropped to $82.69 per barrel, while Brent crude for June delivery fell to $87.29 per barrel. Prices of wholesale gasoline, heating oil, and natural gas also saw drops. Gold prices decreased to $2,388.40 per ounce, silver increased slightly to $28.40 per ounce, and copper rose to $4.34 per pound. Currency exchange rates showed the dollar weakening against the yen and the euro gaining strength.

Update on Crude Oil, Gasoline, Metals, and Currency Prices


Benchmark U.S. crude oil for May delivery rose to $86.59 per barrel, while Brent crude for June delivery increased to $90.65 per barrel. Wholesale gasoline saw a rise to $2.79 a gallon, and gold for June delivery fell to $2,308.50 per ounce. Silver prices rose to $27.25 per ounce, and copper increased to $4.25 per pound. Additionally, the dollar fell to 151.21 yen, and the euro rose to $1.0851.

Rise in Commodity Prices and Currency Movement


Benchmark U.S. crude oil for May delivery increased to $85.15 per barrel, while Brent crude for June delivery rose to $88.92. Gold, silver, and copper prices also saw gains, with gold reaching $2,281.80 per ounce. The dollar fell against the yen but the euro rose. Wholesale gasoline, heating oil, and natural gas prices went up as well.

Rise in Crude Oil and Precious Metals Prices, Currency Exchange Rates


Benchmark U.S. crude oil for May delivery increased to $85.43 per barrel, Brent crude for June delivery rose to $89.35 per barrel. Gold for June delivery spiked to $2,315 per ounce, silver for May delivery rose to $27.06 per ounce, and copper rose to $4.19 per pound. The dollar rose to 151.68 yen and the euro rose to $1.0834. Natural gas fell to $1.84 per 1,000 cubic feet. Heating oil and gasoline prices fluctuated slightly.

Daily Market Overview: Oil, Gasoline, Metals, and Currency Prices


Benchmark U.S. crude oil for May delivery fell slightly to $85.36 per barrel, while Brent crude for June delivery also saw a decrease to $90.02 per barrel. Wholesale gasoline prices rose to $2.82 a gallon, with natural gas prices increasing to $1.73 per 1,000 cubic feet. Gold prices rose to $2,407.80 per ounce, silver prices fell to $28.38 per ounce, and copper prices decreased to $4.30 per pound. The dollar strengthened against the yen, trading at 154.67 yen, and the euro saw a slight increase to $1.0632.

Daily Market Overview: Oil Prices Drop, Metals Rise, and Currency Movements


Benchmark U.S. crude oil for May delivery fell to $85.02 per barrel, while Brent crude for June delivery also decreased. Gold prices rose to $2,372.70 per ounce, with silver and copper prices also experiencing fluctuations. The dollar strengthened against the yen, while the euro weakened. Wholesale gasoline, heating oil, and natural gas prices all saw declines.

Oil Prices Drop While Precious Metals Decline and Currency Values Shift


Benchmark U.S. crude oil for June delivery dropped to $81.93 per barrel, Brent crude fell to $87.86 per barrel, gold decreased to $2,302.90 per ounce, silver dipped to $26.65 per ounce, and copper fell to $4.56 per pound. Meanwhile, the dollar strengthened to 157.70 yen and the euro weakened to $1.0678.

Oil Prices and Currency Exchange Rates Fluctuate on Tuesday


Benchmark U.S. crude oil for June delivery rose $1.46 to $83.36 per barrel, while Brent crude for June delivery rose $1.42 to $88.42 per barrel. Gold for June delivery fell $4.30 to $2,342.10 per ounce. Silver for May delivery rose 11 cents to $27.36 per ounce, and May copper fell 5 cents to $4.43 per pound. The dollar fell to 154.76 yen from 154.81 Japanese yen, and the euro rose to $1.0704 from $1.0659.

Oil Prices Fall While Precious Metals Rise and Currency Values Shift


Benchmark U.S. crude oil for May delivery dropped to $85.41 per barrel, Brent crude for June delivery declined to $90.10 per barrel, and wholesale gasoline, heating oil, and natural gas prices also fell. However, gold for June delivery increased to $2,383 per ounce, silver for May delivery rose to $28.72 per ounce, and copper rose to $4.38 per pound. Additionally, the dollar strengthened against the yen, reaching 154.23, while the euro weakened to $1.0625.

Daily Market Update: Oil and Precious Metal Prices Fall, Currency Exchange Rates Shift


Benchmark U.S. crude oil and Brent crude prices dropped, while wholesale gasoline, heating oil, and natural gas prices also decreased. Gold and silver prices increased, but copper prices fell. The dollar weakened against the yen, and the euro also saw a slight decline.

Global Market Update: Oil, Gas, Metals, and Currency Prices on the Rise


Benchmark U.S. crude oil for May delivery reached $83.71 per barrel with Brent crude rising to $87.42 per barrel. Gold prices increased to $2,257.10 per ounce, silver rose to $25.07 per ounce, and copper reached $4.05 per pound. Natural gas prices rose to $1.84 per 1,000 cubic feet. The dollar strengthened against the yen to 151.66 but the euro fell to $1.0738.

Fluctuations in Oil and Precious Metal Prices


Benchmark U.S. crude oil and Brent crude prices rose, while wholesale gasoline, heating oil, and natural gas prices fluctuated. Gold and silver prices increased, along with copper prices. The dollar strengthened against the yen and euro.

Summary of Recent Market Movements in Oil, Gas, Metals, and Currencies


Benchmark U.S. crude oil and Brent crude prices fell while wholesale gasoline and heating oil prices rose. Natural gas prices fell, gold and silver prices rose, and copper prices increased slightly. The U.S. dollar strengthened against the yen and euro. Gold futures on COMEX fell, Boston Fed President discussed inflation progress, and U.S. GDP increased at a rate of 3.2% in Q4 2023. Silver and platinum prices fell in the market.

SOURCES

ABC News

Closing prices for crude oil, gold and other commodities

ABC News

AP News

Closing prices for crude oil, gold and other commodities

By THE ASSOCIATED PRESS

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