Gasoline Market Update

March gasoline RBH5, +0.44%  settled at $1.552 a gallon, down 2.6 cents, while March heating oil HOH5, +0.09%  fell 4 cents to $1.833 a gallon.

Oil ends near $50 — its lowest level in almost a week

Crude-oil futures fell more than 5% Tuesday to their lowest settlement level in nearly a week as concerns about a persistent supply glut resurfaced ahead of weekly U.S. inventory updates.

Sweet crude futures for delivery in March CLH5, +0.90%  on the New York Mercantile Exchange fell $2.84, or 5.4%, to settle at $50.02 a barrel. That was the lowest settlement level since Feb. 4.

Brent crude for March delivery LCOH5, +0.16% the international benchmark, closed down $1.91, or 3.3% at $56.43 a barrel on the ICE Futures exchange.

Gold falls more than $9 as dollar, stocks climb

Gold futures settled with a loss of more than $9 an ounce on Tuesday, with strength in the U.S. dollar and a rise in equities dulling the metal’s appeal, but investors continue to keep an eye on ongoing turmoil in Greece.

Gold for April delivery GCJ5, +0.30%  shed $9.30, or 0.8%, to settle at $1,232.20 an ounce on Comex. March silver SIH5, +0.66%  dropped almost 20 cents, or 1.2%, to $16.87 an ounce.

Current Market Update

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

Tokyo (Nikkei Average NIK, -0.33% ) closed for holiday 

 Hong Kong (Hang Seng Index HSI, -0.78% ) down 0.8%

 Shanghai (Shanghai Composite Index SHCOMP, +0.21% ) up 0.2% (at break)

 Sydney (S&P/ASX 200 XJO, -0.61% ) down 0.7% 

 Seoul (Kospi SEU, +0.57% ) up 0.6% 

 Mumbai (Sensex 1, +0.44% ) up 0.3% 

 Taipei (Taiex Y9999, +0.84% ) up 0.9%

Asian Market Update

Asian markets mostly rose in early trade Wednesday as hopes grew for a breakthrough from crucial meetings at which Greece will try to convince its European creditors to renegotiate terms of its bailout.

Dealers were given a positive lead from New York and Europe, even after Greece's combative leaders vowed not to bow to German-led pressure to complete an austerity-laden agreement, leading to fears Athens will default and exit the eurozone.

Hong Kong was 0.65 per cent higher, Seoul added 0.47 per cent, Shanghai put on 0.20 percent and Taipei gained 0.69 per cent while Sydney eased 0.62 per cent.