Oil Prices Rise as Crude Gains, Dollar Falls Against Yen and Euro

According to the latest information, benchmark U.S. crude oil for June delivery increased by 61 cents to $78.99 per barrel on Wednesday. Brent crude for July delivery also rose by 42 cents to $83.58 per barrel. In contrast, wholesale gasoline for June delivery decreased by 1 cent to $2.53 a gallon, while June heating oil increased by 1 cent to $2.48 a gallon. June natural gas fell by 2 cents to $2.19 per 1,000 cubic feet. Moving on to precious metals, gold for June delivery decreased by $1.90 to $2,322.30 per ounce, whereas silver for July delivery increased by 6 cents to $27.60 per ounce. Lastly, July copper fell by 7 cents to $4.54 per pound. Additionally, the dollar rose to 155.63 yen from 154.76 Japanese yen, while the euro decreased to $1.0746 from $1.0753.