Oil Prices Rise, Gold Falls, and Dollar Weakens
Benchmark U.S. crude oil for February delivery experienced a significant increase of $1.78, reaching $75.19 per barrel on Monday. Similarly, Brent crude for March delivery rose by $1.50, reaching $80.06 per barrel.
In the energy market, wholesale gasoline for February delivery witnessed an 8 cent increase, reaching $2.24 per gallon. Additionally, February heating oil rose by 3 cents, reaching $2.69 per gallon. However, February natural gas experienced a decline of 10 cents, reaching $2.42 per 1,000 cubic feet.
On the other hand, gold prices for February delivery fell by $7.10, reaching $2,022.20 per ounce. Similarly, silver for March delivery experienced a decline of 41 cents, reaching $22.30 per ounce. Additionally, March copper fell by 3 cents, reaching $3.76 per pound.
In currency markets, the dollar weakened against the yen, falling to 148.04 yen from 148.19 Japanese yen. Similarly, the euro fell to $1.0884 from $1.0893.
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