Oil Prices Rise as Crude Oil and Gasoline Demand Increases
The benchmark U.S. crude oil for January delivery experienced a significant increase, rising by $2.11 to reach $71.58 per barrel on Thursday. Similarly, Brent crude for February delivery rose by $2.35, reaching $76.61 per barrel.
Gasoline and Heating Oil Prices Also See an Uptick
Wholesale gasoline prices for January delivery also experienced an increase, rising by 10 cents to reach $2.12 per gallon. Additionally, January heating oil prices rose by 4 cents to reach $2.59 per gallon. The price of natural gas for January delivery also saw a rise of 5 cents, reaching $2.39 per 1,000 cubic feet.
Gold and Silver Prices Surge
Gold prices for February delivery experienced a significant surge, rising by $47.60 to reach $2,044.90 per ounce. Silver prices for March delivery also saw an increase of $1.47, reaching $24.39 per ounce. Furthermore, March copper prices rose by 10 cents to reach $3.89 per pound.
The dollar fell against the Japanese yen, with the exchange rate dropping to 142.05 yen from 143.18 yen. On the other hand, the euro rose against the dollar, reaching $1.0991 from $1.0886.
The Epoch Times copyright © 2023. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
