Gasoline for February RBG5, -0.29% rose 1 cent, or 1%, to settle at $1.3255 a gallon on Nymex. February heating oil HOH5, -0.39% gained 2 cents, or 1.2%, to end at $1.6464 a gallon on Nymex.
Gasoline Market Update
Thursday, 22 January 2015
Gasoline for February RBG5, -0.29% rose 1 cent, or 1%, to settle at $1.3255 a gallon on Nymex. February heating oil HOH5, -0.39% gained 2 cents, or 1.2%, to end at $1.6464 a gallon on Nymex.
Natural Gas Market Update
March natural-gas futures NGH15, +1.97% rose 14 cents, or 5%, to settle at $2.9740 per million British thermal units. That put an end to a three-session losing stretch for natural gas. Futures lost 10% on Tuesday.
Oil gets boost on hopes for Europe’s economy
Crude-oil futures rose Wednesday as news the European Central Bank is close to outlining a more aggressive stimulus package to boost Europe’s economy stoked hopes of more demand for crude.
Sweet crude futures for delivery in March CLH5, -0.84% rose $1.31, or 2.8%, to settle at $47.78 a barrel on the New York Mercantile Exchange. Futures ended Tuesday down 4.7%.
Brent crude for March delivery LCOH5, -0.41% rose $1.04, or 2.2%, to finish at $49.03 a barrel on London’s ICE Futures exchange, snapping a two-day losing streak. Brent settled 1.7% lower on Tuesday.
Silver Market Update
March silver futures SIH5, -0.26% meanwhile, advanced 24 cents, or 1.3%, to $18.19 an ounce in electronic trading.
High-grade copper for March delivery HGH5, -0.46% rose 2 cents to settle at $2.61 a pound.
Gold loses steam above $1,300 as ECB stimulus measures loom
Gold lost some of its earlier momentum to snap a seven-day winning streak Wednesday, unable to defend its first foray above $1,300 an ounce since August.
Gold for February delivery GCG5, -0.12% relinquished its earlier high to dip 50 cents to settle at $1,293.70 an ounce after settling at its highest price in five months Tuesday.
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