Oil Prices Fall, Gasoline and Heating Oil Rise: Market Update
The benchmark U.S. crude oil for January delivery experienced a slight decline of 15 cents, settling at $71.43 per barrel on Friday. Similarly, Brent crude for February delivery fell by 6 cents, closing at $76.55 per barrel.
Gasoline and Heating Oil Prices Show an Increase
On the other hand, wholesale gasoline for January delivery saw a rise of 2 cents, reaching $2.14 per gallon. Additionally, January heating oil experienced a 3-cent increase, settling at $2.62 per gallon. Meanwhile, January natural gas rose by 10 cents, reaching $2.49 per 1,000 cubic feet.
Gold and Silver Prices Experience a Decline
Gold for February delivery faced a decline of $9.20, closing at $2,035.70 per ounce. Similarly, silver for March delivery fell by 24 cents, settling at $24.15 per ounce. However, March copper remained unchanged at $3.89 per pound.
Foreign Exchange Rates
The dollar strengthened against the Japanese yen, rising to 142.19 yen from 142.05 Japanese yen. Conversely, the euro weakened against the dollar, falling to $1.0899 from $1.0991.
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.
