Gasoline Market Update

Gasoline for delivery in February RBG5, +4.94% gained 6 cents, or 4.6%, to $1.3588 a gallon. On the week, gasoline rose 2.7% after seven straight weeks of losses.

Oil rallies more than 5%; snaps 7-week losing streak

Crude-oil futures rallied Friday, notching their first weekly gain in eight weeks as the International Energy Agency said collapsing crude prices would cut into supply growth from oil producers outside of the Organization of the Petroleum Exporting Countries.

Light, sweet crude futures for delivery in February CLG5, +4.82%  advanced $2.44, or 5.3%, to settle at $48.69 a barrel on the New York Mercantile Exchange. On the week, oil rose 0.7%, snapping a seven-week losing streak.

March Brent crude UK:LCOG5 gained $1.90, or 4%, to $50.17 a barrel on London’s ICE Futures exchange. On the week, however, Brent lost 2.2% to notch an eight-week decline.

Gold settles higher after weak inflation data

Gold prices moved higher Friday, as a weak reading on U.S. inflation helped the dollar regain some strength.

After a $30 surge on Thursday to its best finish since Sept. 5, gold GCG5, +1.23%  for February delivery rose $12.10 to close at $1,276.90 an ounce. March silver SIH5, +3.96%  rose 65 cents to settle at $17.75 an ounce in New York trading..

Market Closing Update

MALAYSIAN shares ended higher on Thursday with the Kuala Lumpur Composite Index adding 2.99 points to close at 1,745.00.

Some 1.93 billion lots, valued at RM2.3 billion were traded. Gainers numbered 497 while losers numbered 283.

Palladium Market Update

March palladium PAH5, -0.70% slipped $2.10 to $779.55 an ounce, while April platinum PLJ5, +0.00% platinum dropped $5.90, or 0.5%, to $1,232.50 an ounce.