US oil prices rose during trading today, Monday, by 0.8%, to reach a price of $75.7 a barrel, after it was down by more than 2.5% at the end of trading on Friday, affected by fears of economic recession and the interest rate hikes by the Federal Reserve.
Brent crude rose by 0.9%, equivalent to $0.8, to trade at $80.5 a barrel.
The dollar index fell by 0.2%, which contributed to the stability of gold prices and made it less expensive for buyers, as gold prices settled today at $1791.56 an ounce. Gold futures rose by 0.1% to $1,802.5.
On the Tokyo Stock Exchange, the Nikkei index fell at the beginning of trading by 0.9%, to 27,279.92 points, while the broader Topix index fell by 0.7%, to 1936.57 points.
Today, the energy ministers will discuss the gas price ceiling, and will discuss in their meeting the price ceiling proposal, after the failure of last Tuesday’s meeting.