Oil prices continue to climb as demand for crude oil and gasoline increases. Benchmark U.S. crude oil for January delivery rose 97 cents to $73.44 per barrel on Tuesday, while Brent crude for February delivery rose $1.28 to $79.23 per barrel.

Gasoline and Heating Oil Prices

Wholesale gasoline for January delivery also saw an increase, rising 4 cents to $2.20 a gallon. Similarly, January heating oil rose 5 cents to $2.72 a gallon. These price hikes reflect the growing demand for fuel during the winter season.

Natural Gas Prices

On the other hand, January natural gas fell 1 cent to $2.49 per 1,000 cubic feet. This decline may be attributed to factors such as mild weather conditions and a decrease in natural gas consumption.

Precious Metals Market

In the precious metals market, gold for February delivery rose $11.60 to $2,052.10 per ounce. Silver for March delivery also experienced a gain, rising 21 cents to $24.32 per ounce. Additionally, March copper rose 5 cents to $3.90 per pound.

Currency Exchange Rates

The dollar strengthened against the Japanese yen, rising to 143.92 yen from 142.90 Japanese yen. The euro also saw an increase, rising to $1.0976 from $1.0917.

The information provided in this article is for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. It is important to note that The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. Readers should seek professional advice before making any financial decisions. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.

Source: The Epoch Times