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Platinum Market Update

Friday, 27 February 2015


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April platinum PLJ5, -0.03%  rose $4.80, or 0.4%, to $1,173.60 an ounce.

 June palladium PAM5, -0.18% the most-active contract, gained $1.75, or 0.4, to $811.05 an ounce. 

May copper HGK5, -0.56%  added 5.1 cents, or 1.9%, to $2.695 a pound.


Silver Market Update


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May silver SIK5, -0.45% also tacked on 15 cents, or 0.9%, to end at $16.624 an ounce — the best settlement for a most-active contract since Feb. 13.

Gasoline Market Update


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The front-month March gasoline contract down 1.1 cents, or 0.7%, at $1.708 a gallon, pulling back after Wednesday’s 6.1% rally. 

March heating oil HOH5, +3.14%  ended at $2.136 a gallon, up 3.2 cents, or 1.5%. The March contracts for the products expire at the close of trading on Friday.

Gas Market Update


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April natural gas NGJ15, +0.26%  fell 16.5 cents, or 5.8%, to end at $2.697 per million British thermal units on its first full trading day as a front-month contract.

Natural-gas prices, meanwhile, dropped by almost 6% after U.S. government data showed that supplies fell less than expected last week despite the bitter cold in the eastern U.S.


Oil just settled at its lowest level in a month


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Oil futures on Thursday settled at their lowest level in nearly a month, with strength in the U.S. dollar adding insult to injury to a market that is already suffering from record-high crude supplies in the U.S.

April crude CLJ5, +1.91%  dropped $2.82, or 5.5%, to settle at $48.17 a barrel on the New York Mercantile Exchange. That was the lowest close for a most-active contract since late January.


 

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