Oil Prices Rise Slightly, Gold Falls: Market Update
Oil Prices
Benchmark U.S. crude oil for January delivery increased by 9 cents to reach $71.32 per barrel on Monday. Meanwhile, Brent crude for February delivery rose by 19 cents, reaching $76.03 per barrel.
Gasoline and Heating Oil
Wholesale gasoline for January delivery experienced a slight decrease of 1 cent, settling at $2.04 per gallon. On the other hand, January heating oil saw an increase of 3 cents, reaching $2.61 per gallon.
Natural Gas
In contrast, January natural gas witnessed a decline of 15 cents, reaching $2.43 per 1,000 cubic feet.
Gold and Silver
Gold for February delivery experienced a significant drop of $20.80, settling at $1,993.70 per ounce. Similarly, silver for March delivery fell by 22 cents to reach $23.06 per ounce. Additionally, March copper fell by 5 cents to $3.78 per pound.
Foreign Exchange Rates
The dollar strengthened against the Japanese yen, rising to 146.18 yen from 144.98 yen. The euro also saw a slight increase, rising to $1.0762 from $1.0758.
Disclaimer
The information provided in this article is 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. Readers are advised to consult with their financial advisors or professionals before making any investment decisions. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
Article Source: The Epoch Times