Gasoline Market Update

Nymex gasoline for March RBH5, -0.86%  lost 2 cents, or 1%, to $1.58 a gallon, with the API data reportedly showing a rise in gasoline stocks of 2 million barrels last week.

Platinum and Copper Market Update

 Platinum for April delivery PLJ5, +0.30%  climbed $6.60 to $1,235.20 an ounce, while March palladium PAH5, +0.45%  shed $2, or 0.3%, to $786 an ounce.

High-grade copper for March delivery HGH5, -0.04%  surged 9 cents, or 3.7%, to $2.58 a pound.

Gold retreats as Greece blinks

Gold skidded on Tuesday as its safe-haven appeal faded with Greece taking a much more accommodating stance on its standoff with the European Union on repayment of debt.

Gold for April delivery GCJ5, +0.25%  fell $16.60, or 1.3%, to settle at $1,260.30 an ounce. March silver futures SIH5, +0.11% rose 7 cents to $17.32 an ounce.

Oil retreats from highs as inventory data show huge build

Benchmark U.S. crude-oil futures headed solidly lower in early electronic trade Wednesday, giving away a chunk of the gains made in a monster rally the previous day as inventory data showed more oil on hand than expected.

West Texas Intermediate crude for March CLH5, -1.30%  was down $1.48, or 2.8%, at $51.57 a barrel by midday in East Asia.

Brent North Sea crude, saw a slightly more moderate drop early Wednesday, with the March Brent contract LCOH5, -0.31%   down 93 cents, or 1.6%, to $56.98 a barrel. March Brent had risen 5.8% the previous day.

Current Market Update

Here are the latest trading levels for Asia's major stock markets: 

Tokyo (Nikkei Average NIK, +2.00% ) up 2.1% 

 Hong Kong (Hang Seng Index HSI, +0.85% ) up 0.8% 

Shanghai (Shanghai Composite Index SHCOMP, +0.25% ) up 0.3% (at break) 

 Sydney (S&P/ASX 200 XJO, +1.10% ) up 0.9% 

Seoul (Kospi SEU, +0.78% ) up 0.7% 

 Mumbai (Sensex 1, +0.18% ) up 0.4% 

 Taipei (Taiex Y9999, +0.73% ) up 0.8%