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Gasoline for January delivery RBF5, +0.35% lost 4 cents, or 2.5%, to end at $1.5272 a gallon on Nymex. That was gasoline’s lowest since May 1, 2009.
January heating oil HOF5, +0.19% dropped 7 cents, or 3.5%, to $1.9387 a gallon on Nymex. That was heating oil’s lowest finish since Aug. 24, 2010.
January natural gas NGF15, +0.71% lost 6 cents, or 1.6%, to settle at $3.6420 per million British thermal units.
January platinum PLF5, +0.18% lost $2.40, or 0.2%, to settle at $1,197.10 an ounce, while March palladium PAH5, +0.01% gained $12.90, or 1.7%, to end at $792.15 an ounce. High-grade copper for March delivery HGH5, +0.09% lost 2 cents, or 0.8%, to settle at $2.85 a pound.
Oil futures fell 4% on Thursday, capping a volatile day of trading that saw the commodity swing by around $4 a barrel in either direction.
sweet crude for delivery in January CLF5, +0.39% fell $2.36, or 4.2%, to settle at $54.11 a barrel on the New York Mercantile Exchange.
Brent oil for February delivery LCOG5, +0.25% declined $1.91, or 3.1%, to finish at $59.27 a barrel on London’s ICE Futures exchange.
Gold prices on Thursday finished roughly flat and back under the $1,200 mark, as a lift from the Fed’s dovish signals faded.
Gold for February delivery GCG5, +0.18% edged up 30 cents, or less than 0.1%, to settle at $1,194.80 an ounce. March silver SIH5, -0.24% also was essentially unchanged, settling at $15.93 an ounce.
Asian markets rallied for a second straight session on Friday, boosted by another strong performance on Wall Street while renewed confidence helped push the dollar back towards the 100 yen mark Tokyo jumped 1.59 per cent thanks to the weaker yen, while Sydney climbed 1.66 per cent, Seoul rose 1.29 per cent and Hong Kong added 1.43 per cent. Shanghai eased 0.20 per cent.
Global markets tanked at the start of the week on fears about the global economy as oil prices plunged and crude exporter Russia was also hammered by Western sanctions over Ukraine.
However, they have rebounded over the past few days in response to a Federal Reserve statement Wednesday indicating interest rates would be hiked no sooner than mid-2015.
