Gasoline Market Update

Nymex gasoline for April rose 5.3 cents, or 2.8%, to $1.9499 a gallon, while April heating oil HOJ5, -0.76%  settled at $1.9395, up 5.2 cents, or 2.8%.

Oil rallies as Libya, Iran news raise supply risks

Crude-oil futures rebounded on Tuesday, with prices for Brent leading the charge higher as violence in Libya and concerns surrounding Iran’s nuclear program raised risks to global oil supplies.

Crude-oil futures for delivery in April CLJ5, +0.02% settled at $50.52 a barrel, up 93 cents, or 1.9%, on the New York Mercantile Exchange.

Brent crude for April delivery LCOJ5, -0.51%  on London’s ICE Futures exchange rose $1.48, or 2.5%, to end at $61.02 a barrel.

Gold extends loss to a second sessions in a row

Gold futures rang up a consecutive loss on Tuesday as investors digested a spate of economic reports from a busy week of economic indicators, which culminates with the Friday jobs report.

Gold for April delivery GCJ5, +0.24%  fell by $3.80, or 0.3%, to settle at $1,204.40 an ounce on Comex, while May silver SIK5, +0.09%  settled down 15.5 cents, or 0.9%, to $16.296 an ounce after a 0.7% loss a day earlier.

Current Market Update

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

Tokyo (Nikkei Average NIK, -0.50% ) down 0.7% 

 Hong Kong (Hang Seng Index HSI, -0.32% ) down 0.3% 

 Shanghai (Shanghai Composite Index SHCOMP, -0.16% ) down 0.2% (at break) 

 Sydney (S&P/ASX 200 XJO, -0.52% ) down 0.5% 

 Seoul (Kospi SEU, -0.11% ) down 0.1%

Mumbai (Sensex 1, +1.02% ) up 1.2% 

 Taipei (Taiex Y9999, +0.11% ) up 0.2%

Asian Market Update

Asia markets mostly fell Wednesday following a retreat on Wall Street fuelled by profit-taking, with Tokyo hit by a stronger yen and Sydney dipping after data showed Australia's economy grew slower than expected last year.

With few trading cues investors are keeping a watch on the start of China's annual parliament meeting Thursday as well as European Central Bank details on its new bond-purchase scheme.

Tokyo slid 1.01 per cent, Sydney shed 0.56 per cent, Hong Kong lost 0.24 per cent and Seoul eased 0.13 per cent. Shanghai, which tumbled 2.20 per cent Tuesday, edged up 0.21 per cent.