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Copper Market Update

Wednesday, 18 February 2015


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 March copper HGH5, -0.43%  fell 2.4 cents, or 0.9%, to settle at $2.58 a pound. 

April platinum PLJ5, -0.21%  closed at $1,177 an ounce, down $30.50, or 2.5%.

March palladium PAH5, -0.61%  shed $11.20, or 1.4%, to end at $783.25 an ounce.


Gas Market Update


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March natural gas NGH15, +0.51%  fell by 4.5 cents, or 1.6%, to $2.759 per million British thermal units.


Gasoline Market Update


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March gasoline RBH5, -0.44% fell 3.6 cents, or 2.2%, to $1.59 a gallon, while March heating oil HOH5, -0.24%  ended at $1.977 a gallon, up less than a cent. 



Euro trades higher against rivals on upbeat economic reports


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The euro traded higher against the pound, yen and dollar Tuesday as economic data showed continued improvement in the eurozone.

The euro EURUSD, -0.07%   traded at $1.1415, compared with $.1.1335 Friday. The shared currency traded at 137.74 yen EURJPY, -0.26%  , compared with ¥134.06 Friday. It traded at 74.34 pence EURGBP, -0.09%  , compared with 73.83 pence.

The ICE U.S. Dollar Index DXY, -0.02%  , a measure of the dollar’s strength against a trade-weighted basket of six currencies, fell 0.12% to 94.0880, after finishing lower for the third-consecutive week Friday.

After trading lower for most of the Asia trading day, the dollar turned higher against the yen, USDJPY, -0.18%  trading at ¥119.29, compared with ¥118.29.


WTI oil rebounds to score third straight gain


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Oil prices rebounded during Tuesday’s trading to tally a gain of more than 9% over the past three trading sessions.

crude futures for delivery in March CLH5, -0.50%  settled at $53.53 a barrel, up 75 cents, or 1.4%, from Friday’s settlement. U.S. markets were closed on Monday for Presidents Day and there was no settlement for Nymex WTI crude. Prices on Tuesday had fallen to lows under $51.

Brent crude for April delivery LCOJ5, -0.40%  settled $1.13, or 1.8%, higher at $62.53 a barrel on London’s ICE Futures exchange.


 

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