Oil Prices Decline as Dollar Weakens
The benchmark U.S. crude oil for March delivery experienced a drop of $1.23, settling at $76.78 per barrel on Monday. Similarly, Brent crude for March delivery fell $1.15 to $82.40 per barrel.
Gasoline and Heating Oil Prices
Wholesale gasoline prices for February delivery also saw a decline, falling 6 cents to $2.23 per gallon. Meanwhile, February heating oil prices dropped by 1 cent, reaching $2.83 per gallon. Additionally, February natural gas prices experienced a significant decrease of 22 cents, settling at $2.49 per 1,000 cubic feet.
Precious Metals Show Gains
On the other hand, gold prices for April delivery rose by $8.50, reaching $2,044.60 per ounce. Similarly, silver prices for March delivery saw an increase of 38 cents, settling at $23.25 per ounce. Additionally, March copper prices rose by 3 cents, reaching $3.88 per pound.
Foreign Exchange Rates
The dollar weakened against the yen, falling to 147.66 yen from 148.10 Japanese yen. Moreover, the euro also experienced a decline, dropping to $1.0821 from $1.0859.
Disclaimer: The views and opinions expressed in this article are those of the authors and do not constitute financial advice. This information is intended for general informational purposes only and should not be relied upon as 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.
