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MARKETS LIVE BLOG:

STOCKS SURGE AS INVESTORS CHEER INFLATION PRINT

Fed's preferred inflation gauge shows prices rose at slowest pace since March 2021

Closing prices for crude oil, gold and other commodities

The Associated Press
·1 min read

Benchmark U.S. crude oil for August delivery fell 92 cents to $81.41 per barrel Tuesday. Brent crude for September delivery fell $1.09 to $84.66 per barrel.

Wholesale gasoline for August delivery fell 1 cent to $2.53 a gallon. August heating oil fell 6 cents to $2.52 a gallon. August natural gas fell 3 cents to $2.34 per 1,000 cubic feet.

Gold for August delivery rose $4.40 to $2,367.90 per ounce. Silver for September delivery rose 15 cents to $31.06 per ounce, and September copper fell 4 cents $4.58 per pound.

The dollar rose to 161.33 yen from 160.81 Japanese yen. The euro fell to $1.0813 from $1.0825.