In Tuesday’s trading session, benchmark U.S. crude oil prices experienced a slight decline, with May delivery falling by 5 cents to settle at $85.36 per barrel. Similarly, Brent crude prices for June delivery also saw a marginal decrease, dropping by 8 cents to reach $90.02 per barrel.
On the petroleum product front, wholesale gasoline prices for May delivery exhibited a modest increase, climbing by 4 cents to $2.82 per gallon. Meanwhile, May heating oil prices remained unchanged at $2.65 per gallon. May natural gas prices saw a notable uptick, rising by 4 cents to $1.73 per 1,000 cubic feet.
In the precious metals market, gold prices for June delivery recorded a significant uptrend, surging by $24.80 to settle at $2,407.80 per ounce. Conversely, silver prices for May delivery experienced a decline, dropping by 34 cents to $28.38 per ounce. Additionally, May copper prices witnessed a decrease, falling by 8 cents to $4.30 per pound.
In currency markets, the dollar strengthened against the yen, rising to 154.67 yen from the previous level of 154.23 Japanese yen. Similarly, the euro saw a marginal increase, reaching $1.0632 from $1.0625.
Overall, the trading day concluded with a mix of movements across various commodity markets, reflecting the dynamic nature of global economic factors influencing prices.