May silver SIK5, -1.44% lost 35.1 cents, or 2.2%, to settle at $15.807 an ounce. For the week, prices were down 4.5%.
Silver Market Update
Saturday, 7 March 2015
May silver SIK5, -1.44% lost 35.1 cents, or 2.2%, to settle at $15.807 an ounce. For the week, prices were down 4.5%.
Gas Market Update
April natural gas NGJ15, +0.28% settled at $2.839 per million British thermal units, nearly flat for the session, with prices still trading around 3% higher for the week.
Gasoline Market Update
Nymex April gasoline RBJ5, -0.28% settled at $1.882 a gallon, down roughly a half-cent for the session and down 4.9% for the week.
April heating oil HOJ5, -0.32% settled less than a penny lower at $1.869 a gallon to loss 5.3% for the week.
Oil futures fall for third straight week
Crude for delivery in April CLJ5, -1.93% settled at $49.61 a barrel, down $1.15, or 2.3%. The contract turned negative just before the nonfarm payrolls figures, then fell further after the numbers came out. News of another weekly drop in the U.S. rig count briefly helped prices pare losses during the session.
Gold settles at a nearly four-month low
Gold futures dropped 2.7% on Friday, with a rally in the U.S. dollar following a strong February U.S. jobs report fueling a decline in the metal’s prices to their lowest settlement since mid-November.
Gold for April delivery on Comex GCJ5, -2.34% dropped $31.90, or 2.7%, to settle at $1,164.30 an ounce. Based on the most-active contracts, prices haven’t settled at a level this low since Nov. 13. For the week, they logged a 4% decline.
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