Gas Market Update

Natural gas logged a third straight session gain, with March natural gas NGH15, +0.21% jumping 4.5%, or 12 cents, to $2.797 per million British thermal units.

Gasoline Market Update

Nymex gasoline for March RBH5, +0.03% —the benchmark gasoline contract—fell almost a penny to $1.543 a gallon, while March heating oil HOH5, +0.67%  ended at $1.814, down 1.9 cents.

Oil ends below $50 as supply hovers at 80-year high

The increase in U.S. crude inventories shows no sign of a slowdown, and supplies are holding around an 80-year high despite declines in the number of rigs drilling for oil.

 Crude for delivery in March CLH5, +1.23%  settled at $48.84 a barrel, down $1.18, or 2.4%. Prices dropped more than 5% on Tuesday.

Brent crude for March delivery LCOH5, +0.77%  fell $1.77, or 3.1%, to $54.66 a barrel on London’s ICE Futures exchange.

Gold futures settle at lowest level in a month

 

Gold futures on Wednesday marked their lowest close in about a month as some investors lost interest in the metal on the back of a stronger U.S. dollar.

Gold for April delivery GCJ5, +0.11% fell $12.60, or 1%, to settle at $1,219.60 an ounce on Comex. Prices, based on the most-active contracts, haven’t settled at a level this low since Jan. 8.

Current Market Update

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

Tokyo (Nikkei Average NIK, +1.86% ) up 1.9% 

 Hong Kong (Hang Seng Index HSI, +0.59% ) up 0.6% 

 Shanghai (Shanghai Composite Index SHCOMP, -0.15% ) down 0.2% (at break) 

 Sydney (S&P/ASX 200 XJO, -0.40% ) down 0.2% 

 Seoul (Kospi SEU, -0.37% ) down 0.5% 

 Mumbai (Sensex 1, +0.02% ) up 0.5% 

 Taipei (Taiex Y9999, +0.02% ) down 0.1%