Gold for June delivery rose $9.60 to $2,398 per ounce. Silver for May delivery fell 2 cents to $28.38 per ounce, and May copper rose 10 cents to $4.44 per pound. The dollar rose to 154.61 yen from 154.36 Japanese yen. The euro fell to $1.0645 from $1.0670.

WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark for U.S. oil prices in the trading world.

The crude oil price continued to drop today. Invezz has crunched the numbers to find out what will happen to the oil price by end of 2024.

Rising oil prices will benefit oil companies. They should produce more free cash flow, giving them more money to return to investors. While higher prices should provide a boost to most oil stocks, Devon Energy (NYSE: DVN),

L1 Capital, an investment management firm, released its "L1 Long Short Fund" first quarter 2024 investor letter, a copy of the same can be downloaded here. As U.S. economic data continued to surprise to the upside in comparison to market expectations,