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Copper Market Update

Saturday, 21 February 2015

March copper HGH5, -0.59%   fell 4.2 cents, or 1.6%, to $2.578 a pound.

March palladium PAH5, -0.98%  fell $5.85, or 0.7%, to $780.95 an ounce, while April platinum PLJ5, -0.73%  lost $7.90, or 0.7%, to $1,164.40 an ounce.

Gasoline Market Update

Gasoline for March RBH5, +1.57%  nudged up by 2.5 cents, or 1.5%, to $1.641 a gallon. At the retail level, prices for the fuel marked its 25th daily increase in a row.


Heating Oil Update

Heating oil also got a boost on the expectations for stronger heating-fuel demand. March heating oil HOH5, +7.08%  ended at $2.112 a gallon, up 11.8 cents, or 5.9%. The contract was up 7.1% on the week.


Gas Market Update


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March natural gas NGH15, +3.71%  jumped 11.7 cents, or 4.1%, to settle at $2.951 per million British thermal units, with the contract 5.2% higher on the week. This week, the U.S. has seen freezing temperatures, which look set to continue.


Oil suffers a loss as natural gas jumps 5.2% on week


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 Crude-oil futures on Friday suffered from their first weekly loss in a month as U.S. supplies continue to mount, but natural-gas prices rallied as much of the U.S. experienced below-normal temperatures.

Oil for March delivery CLH5, -2.44%  gave up 82 cents, or 1.6%, to settle at $50.34 barrel on the New York Mercantile Exchange. That was the lowest settlement price since Feb. 11.


 

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