Oil prices fell and gold fell sharply onslotxoTuesday (Sept. 7) after the dollar strengthened. Wall Street closes the mix. Investors are worried about the situation of the new coronavirus epidemic. Amid the ever-growing number of infected people
West Texas Intermedia, or Light Sweet, for October delivery was down 94 cents at $68.35 a barrel, Brent North Sea London for November delivery was down 53 cents at $71.69 a barrel.
John Sauser, vice president of crude oil markets at Mobius Risk Group in Houston. It said a strong dollar and Saudi Arabia's move on Sunday led to lower selling prices. The official selling price (OSP) is a depressing factor in oil prices.
Saudi Arabia cuts prices of every grade of crude it sells to Asia by at least $1 a barrel. The move signaled that energy consumption in this world's top oil import region remains sluggish. Amid lockdown measures in Asia to curb the spread of coronavirus delta mutant
Dollar gold prices rose on Tuesday (Sept. 7) the biggest single-day drop in a month to below $1,800, with Comex gold for December delivery down $35.20 to close at $35.20. $1,798.50 per ounce
US stock market Closed mixed on Tuesday (Sept. 7) Investors worried about the economic impact. After the number of new coronavirus infections continues to increase.
The Dow closed 269.09 points (0.76%) at 35,100.00 points. The S&P was down 15.40 points (0.34 percent) at 4,520.03. The Nasdaq was up 10.81 points (0.07 percent) at 15,374.33 points.
Analysts cited concerns about the economic impact of the mutant delta outbreak. This was a factor that made trading on Tuesday (Sept. 7) stagnate after investors had previously worried. Based on the disappointing labor sector data last week.
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