Sat. Sep 23rd, 2023
    The rise and fall of global energy prices

    The benchmark U.S. crude oil for October delivery experienced a slight decrease on Tuesday, falling by 28 cents to $91.20 a barrel. Similarly, Brent crude for November delivery also fell by 9 cents to $94.34 a barrel. On the other hand, wholesale gasoline for October delivery saw a decline of 4 cents, reaching $2.66 per gallon. October heating oil, however, witnessed an increase of 8 cents, hitting $3.37 per gallon. In contrast, October natural gas rose by 12 cents to $2.85 per 1,000 cubic feet.

    When it comes to precious metals, gold for December delivery rose by 30 cents to $1,953.70 an ounce. Conversely, silver for December delivery fell by 4 cents to $23.46 an ounce, while December copper decreased by 3 cents to $3.75 a pound.

    Relative to currencies, the dollar experienced mixed fortunes. Against the Japanese yen, it saw a rise to 147.86 yen from 147.75 yen. However, it fell to $1.0677 from $1.0679 in relation to the euro.

    These fluctuations in energy prices and currency exchange rates have the potential to impact various sectors of the economy. Oil prices, for instance, can influence the cost of transportation and manufacturing, which, in turn, can affect consumer prices. Similarly, changes in precious metal prices can impact the value of investments and impact mining industries.

    – Energy prices from the source article
    – Currency exchange rates from independent financial sources