Money Matters - Simplified

New York Mercantile Exchange

U.S. markets close higher

New York -- U.S. markets closed higher Tuesday after the Labor Day holiday break, as gold and silver prices climbed on the New York Mercantile Exchange.

Early in the day, gold climbed to $1,002.40 per troy ounce, the highest since it set a record in March 2008 at $1,038.60. By early afternoon trading, the price settled down to $994.90 per ounce.

Silver climbed to $16.263 per troy ounce.

By close, the Dow Jones industrial average gained 56.07 points, 0.59 percent, to 9,497.34. The Standard & Poor's 500 rose 0.88 percent, 8.99 points, to 1,025.39.

The Nasdaq index added 18.99 points, 0.59 percent, to 2,037.77.

On the New York Stock Exchange, 2,280 stocks advanced and 746 declined on a volume of 5.2 billion shares traded.

Crude oil prices slide Tuesday

New York -- Crude oil prices fell to close to $68 per barrel on the New York Mercantile Exchange Tuesday, before recovering slightly in afternoon trading.

Crude oil prices reached $68.26 per barrel after the price dropped to $68.05.

Heating oil prices lost 0.013 cents to $1.767 per gallon. Reformulated gasoline prices slid 0.19 cents to $1.785 per gallon. Natural gas prices dropped 0.149 cents to $2.825 per million British thermal units.

The national average price for unleaded gasoline fell to $2.607 per gallon Tuesday, down from Monday's $2.61, AAA said.

Copyright 2009 by United Press International.

Crude oil prices slide overnight

Washington -- Crude oil prices dropped overnight on the New York Mercantile Exchange, sliding below $71 per barrel after two consecutive days of falling prices.

Light, sweet crude prices lost 45 cents to $70.98 per barrel. Heating oil prices dropped 0.0229 cents to $1.8291 per gallon. Reformulated gasoline prices lost 0.0171 cents to $1.9655 per gallon. Natural gas prices slid 0.076 cents to $2 .834 per million British thermal units.

At the pump, the national average price of unleaded gasoline was $$2.62 Thursday, down from Wednesday's $2.22, AAA said.

Copyright 2009 by United Press International.

Crude oil prices drop Monday

New York -- Crude oil prices fell on the New York Mercantile Exchange Monday as confidence in a global economic recovery waned.

Prices had fallen $3.28 per barrel Friday and dropped an additional 88 cents to $66.79 per barrel Monday.

Heating oil prices lost 0.0242 cents to $1.827 per gallon. Reformulated
gasoline prices rose 0.0024 cents to $1.95 per gallon. Natural gas prices lost 0.061 cents to $3.20 per million British thermal units.

At the pump, the national average price for unleaded gasoline was $2.641 per gallon, down from Sunday's $2.643, AAA said.

Copyright 2009 by United Press International.

U.S. crude oil prices rise Monday

New York -- Crude oil futures rose above $68 a barrel in New York Monday, as the Nikkei 225 index in Japan extended a streak of gains through a ninth trading session.

Crude oil rose 19 cents Monday on the New York Mercantile Exchange to $68.24 per barrel.

Heating oil prices rose 0.0068 cents to $1.7881 per gallon. Reformulated gasoline prices rose 0.0141 cents to $1.93 per gallon.

Natural gas futures gained 0.025 cents Monday to $3.629 per million British thermal units.

At the pump, the average U.S. price for regular unleaded gasoline was $2.50 a gallon Monday, up slightly from Sunday's $2.492, AAA said.

Copyright 2009 by United Press International.

Crude oil prices drop Friday

NEW YORK, July 10 (UPI) -- Crude oil prices dropped below $60 per barrel on the New York Mercantile Exchange Friday, as the economic recovery appears to have stalled.

A month ago, crude oil prices peaked for the year above $72 per barrel. On Friday, prices fell 68 cents to $59.88 per barrel. Heating oil prices fell 0.0064 cents to $1.5296 per gallon. Reformulated blendstock gasoline dropped 0.0098 cents to $1.655 per gallon. Natural gas prices lost 0.062 cents to $3.356 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.565 Friday, down from Thursday's $2.58 a gallon, AAA said.

Copyright 2009 by United Press International.

Crude oil prices rise slightly

New York -- Crude oil prices held above $61 per barrel on the New York Mercantile Exchange Thursday after U.S. inventories dropped in the week ending July 3.

The U.S. Energy Information Administration said Wednesday stockpiles of crude fell by 2.9 million barrels, but remain high for this time of year.

Crude oil prices gained 14 cents to $60.56 per barrel. Heating oil prices fell 0.0131 cents to $1.536 per gallon. Reformulated blendstock gasoline lost 0.021 cents to $1.6648 per gallon. Natural gas prices rose 0.04 cents to $3.418 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.58 Thursday, down from Wednesday's $2.593 a gallon, AAA said.

Crude oil prices drop Wednesday

New York -- Crude oil prices fell below $61 per barrel on the New York Mercantile Exchange Wednesday on concerns an economic recovery has gone south.

Crude oil prices fell $1.98 to $60.42 per barrel. Heating oil prices lost 0.0394 cents to $1.5491 per gallon. Reformulated blendstock gasoline dropped 0.076 cents to $1.6438 per gallon. Natural gas prices slid 0.007 cents to $3.378 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.593 Wednesday, down from Tuesday's $2.604 a gallon, AAA said.

Copyright 2009 by United Press International.

story "Waiting."

New York -- Crude oil prices fell under $63 per barrel on the New York Mercantile Exchange Tuesday, with last week's peak above $72 proving unsustainable.

June's unemployment rate rising to 9.5 percent in the United States undermined both stock markets and commodity prices last week.

On Tuesday, crude oil prices lost $1.65 to $62.40 per barrel. Heating oil prices lost 0.0381 cents to $1.5885 per gallon. Reformulated blendstock gasoline fell 0.0206 cents to $1.7198 per gallon. Natural gas prices fell 0.102 cents to $3.385 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.604 Tuesday, down from Monday's $2.611 a gallon, AAA said.

Copyright 2009 by United Press International.

Grain futures mostly lower Tuesday

Chicago -- Grains futures closed mostly lower on the Chicago Board of Trade Tuesday as oil prices dropped sharply on the New York Mercantile Exchange.

Corn was off 7 1/4 to off 9 1/4, soybeans were off 64 1/2 to 68, wheat was off 6 3/4 to off 7 and oats were up 3/4 to up 1 1/2.

Corn futures closed lower with more than a month of heavy sales slowing down. Wheat prices fell as weather has turned favorable in the United States and Argentina. Soybeans fell in sympathy with oil prices that dropped to $62.40 per barrel Tuesday.
The prices:

Corn: Jul 3.35 1/2, off 7 3/4; Sep 3.25 1/2, off 9 1/4; Dec 3.35 3/4, off 8 1/2; Mar 3.49, off 7 1/4.