Oil plummets, gold rises to $35, US stocks tense on inflatio

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West Texas Intermedia, or Light Sweet, for November delivery was down 20 cents at $80.44 a barrel. December London Brent North Sea delivery was down 24 cents to $83.18 a barrel.

Analysts see investors make profits. After US oil futures hit their highest level since October 2014 in the past three business days.

While oil prices have been pressured earlier. behind China, the world's largest crude oil importer. Released data on crude oil imports in September. decreased 15% from the same period last year.

U.S. stocks were closed on Wednesday (Oct. 13), dragged by another set of data indicating inflation was rising. but was driven by the stocks of various companies That started the third quarter earnings report season with good results.

The Dow was down 0.53 points (0.00 percent) to 34,377.81. S&P was up 13.15 points (0.30 percent) to close at 4,363.80 Nasdaq was up 105.71 points (0.73 percent) at 14,571.64.

US Department of Labor The Consumer Price Index (CPI), a measure of inflation based on consumer spending, rose 0.4% in September. compared to monthly That was slightly above analyst estimates of 0.3% after a 0.3% gain in August.

Year-over-year, CPI rose 5.4% in September. That was 5.3 percent higher than analysts' expectations after a 5.3 percent gain in August.

However, markets were boosted by companies' second-quarter earnings reports, with BlackRock, JPMorgan Chase and Delta Air Lines reporting better-than-expected results. C was the only stock of the three that closed in positive territory.