Gasoline Market Update :Epic Research Malaysia

Elsewhere in energy trading, gasoline for February RBG5, +0.64% rose 3 cents, or 2.5%, to $1.3501 a gallon on Nymex, while February heating oil HOG5, -0.90% gained 2 cents, or 1.4%, to $1.6628 a gallon on Nymex.

February natural gas NGG15, -1.95% advanced 10 cents, or 3.5%, to $2.9810 per million British thermal units. The contract, which is set to expire on Wednesday, slumped 3.5% on Monday.

Oil Market Update :Epic Research Malaysia

Crude-oil futures rose more than 2% on Tuesday, as some optimism about curtailing output seemed to permeate markets and ahead of a fresh weekly report on stockpiles.

Light, sweet crude futures for delivery in March CLH5, -1.32% rose $1.08, or 2.4%, to settle at $46.23 a barrel on the New York Mercantile Exchange.

Brent crude for March delivery LCOH5, -1.03% added $1.44, or 3%, to $49.60 a barrel on London’s ICE Futures Exchange. Futures earlier hit an intraday low at $47.67 a barrel, and traded as high as $49.99 a barrel.

Platinum Market Update:Epic Research Malaysia

In other metals, platinum for April delivery PLJ5, -0.10% climbed $9.30, or 0.7%, to $1,264.30 an ounce, while palladium for March delivery PAH5, -0.35% fell $1.10, or 0.1%, to $780.75 an ounce.

High-grade copper for March delivery HGH5, +0.45% fell 8 cents to $2.46 a pound.

Commodity Market Update:Epic Research Malaysia

Gold futures added to modest gains Tuesday, after a sharp, unexpected fall in U.S. durable-goods orders hit stocks and triggered demand for havens.

Gold for February delivery GCG5, -0.12% rose $12.30, or 1%, to $1,291.70 an ounce, while March silver futures SIH5, -0.55% gained 10 cents to $18.08 an ounce.

Asian Market Update :Epic Research Malaysia

Asian equity markets sank on Wednesday following a heavy sell-off in New York, where a string of poor earnings reports stoked concerns about the US economy and put pressure on the dollar.

Traders are also keeping an eye on Europe as Greece's new anti-austerity government prepares to face off with its international creditors over its bailout.

Tokyo fell 0.20 per cent, Sydney lost 0.27 per cent, Hong Kong was 0.16 per cent lower, Shanghai sank 1.30 per cent and Seoul gave up 0.18 per cent.

Global investors - already nervous owing to political uncertainty in Greece, plunging oil prices and weak world economic growth - ran for cover in US trade Tuesday in response to negative reports from some of the world's biggest firms.