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West Texas Intermediate crude oil dropped 3.78% to $71.04 a barrel. Brent crude , the international benchmark, fell 3.52% to $74.73 a barrel. Gold climbed 0.62% to $2,682.1 an ounce.
On the winning side of Wall Street were oil-and-gas companies after the price of oil climbed. A barrel of benchmark U.S. crude rose 2.9% to $78.82, while Brent crude climbed 1.6% to $81.01.
Oil prices, meanwhile, rose to claw back their sharp giveback from earlier in the week. A barrel of Brent crude added 3.7% to settle at $79.40. A barrel of benchmark U.S. crude gained 3.6% to $75.85.
Crude oil prices fell to give back some of their strong gains in recent weeks, which had also been cranking up the pressure on inflation. Benchmark U.S. crude eased 1.7% to $77.50 per barrel.
Oil platform in the North Sea. Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself.
The Dow Jones Industrial Average sank 225 points, or 0.5%, while the Nasdaq composite edged higher by less than 0.1%. The losses were pared as the price of oil eased. A barrel of benchmark U.S. crude fell 2.7% to below $72 after Trump said he had agreed with Russia’s president to begin “negotiations” on ending the war in Ukraine. Such a ...
West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel. Brent crude , the international benchmark, edged up 0.59% to $82.51 a barrel. Gold increased 0.69% to $2,695 an ounce.
West Texas Intermediate crude oil was up 1.88% to $69.98 a barrel. Brent crude , the international benchmark, was higher by 1.56% to $74.20 a barrel. Gold was higher by 0.16% to $2,734.50 an ounce.