Oil prices experienced declines on Tuesday as trading closed, with benchmark U.S. crude for September delivery dropping by $1.08 to settle at $74.73 per barrel. Similarly, Brent crude, also for September delivery, fell $1.15 to end at $78.63 per barrel.
In the energy markets, wholesale gasoline prices for August delivery saw a decrease of 3 cents, settling at $2.39 per gallon. August heating oil prices also fell by 4 cents to $2.34 per gallon. Meanwhile, September natural gas prices rose by 9 cents to $2.13 per 1,000 cubic feet.
Turning to precious metals, gold prices for December delivery rose by $26.40, closing at $2,451.90 per ounce. Silver prices for September delivery increased by 66 cents to $28.53 per ounce, while September copper remained steady at $4.08 per pound.
In currency markets, the dollar weakened against the Japanese yen, falling to 153.29 yen from 154 yen. Against the euro, the dollar also depreciated, slipping to $1.0811 from $1.0823.
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