Oil Prices Rise as Gold Reaches New Highs
Oil Prices Surge
Benchmark U.S. crude oil for February delivery experienced a significant increase of $1.52, reaching $74.08 per barrel on Thursday. Similarly, Brent crude for March delivery rose by $1.22, reaching $79.10 per barrel.
Gasoline and Heating Oil Prices
Wholesale gasoline prices for February delivery also saw a rise of 4 cents, reaching $2.18 per gallon. Additionally, February heating oil prices increased by 4 cents, reaching $2.69 per gallon.
Natural Gas Prices Decline
In contrast, February natural gas prices fell by 17 cents, settling at $2.70 per 1,000 cubic feet.
Gold and Precious Metals Soar
Gold prices for February delivery experienced a substantial increase of $15.10, reaching $2,021.60 per ounce. Similarly, silver for March delivery rose by 14 cents, reaching $22.81 per ounce. Additionally, March copper prices increased by 2 cents, reaching $3.75 per pound.
Currency Exchange Rates
The dollar weakened against the yen, falling to 148.24 yen from 148.28 Japanese yen. Similarly, the euro saw a decline against the dollar, dropping to $1.0861 from $1.0874.
Disclaimer: The views and opinions expressed in this article are those of the authors and do not constitute financial advice. This article is for general informational purposes only and should not be 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.
