Oil Prices Fall as Gold Rises: Market Update
Crude Oil Prices
Benchmark U.S. crude oil for February delivery fell 33 cents to $73.56 per barrel on Friday. Brent crude for February delivery also dropped, falling 32 cents to $79.07 per barrel.
Gasoline and Heating Oil
Wholesale gasoline for January delivery saw a decrease of 3 cents, settling at $2.13 per gallon. January heating oil experienced a similar decline, dropping 4 cents to $2.66 per gallon.
Natural Gas
January natural gas, on the other hand, rose by 4 cents to $2.61 per 1,000 cubic feet.
Gold and Precious Metals
Gold for February delivery saw a significant increase of $17.80, reaching $2,069.10 per ounce. However, silver for March delivery fell 2 cents to $24.57 per ounce, and March copper dropped 1 cent to $3.91 per pound.
Currency Exchange Rates
The dollar strengthened against the Japanese yen, rising to 142.50 yen from 142.25 Japanese yen. Additionally, the euro also gained ground, rising to $1.1014 from $1.0999.
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.