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Gas Market Update

Thursday, 5 March 2015


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The EIA will release its weekly report on natural-gas supplies. April natural gas NGJ15, +0.69%  settled up 5.7 cents, or 2.1%, at $2.769 per million British thermal units.


Gasoline Market Update


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 April gasoline RBJ5, +0.05%  fell 2.4 cents, or 1.2%, to $1.926 a gallon and April heating oil HOJ5, -0.17%  ended at $1.901 a gallon, down 3.8 cents, or 2%.


Crude-oil prices rise as Saudi Arabia hints at rising demand


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 U.S. oil futures finished higher on Wednesday, despite a spike in U.S. weekly crude supplies, as a move by Saudi Arabia and comments from its oil minister implied strength in demand for oil.

Crude for delivery in April CLJ5, +0.43%  climbed $1.01, or 2%, to settle at $51.53 a barrel on the New York Mercantile Exchange. Prices had dropped below $50 after a government report showed that weekly crude supplies jumped by more than 10 million barrels.

April Brent crude on London’s ICE Futures exchange LCOJ5, +0.10%  settled lower, but off the session’s lows, at $60.55 a barrel, down 47 cents, or 0.8%.


Gold futures suffer third straight loss


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Gold futures suffered their third straight loss in a row as traders digested data on U.S. private-sector employment and looked ahead to the closely watched Friday jobs report.

Gold for April delivery GCJ5, +0.27%  fell $3.50, or 0.3%, to settle at $1,200.90 an ounce on Comex, after tapping a low of $1,197.70. May silver SIK5, +0.66%  lost 13.8 cents, or 0.9%, to $16.158 an ounce.


Current Market Update


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

Tokyo (Nikkei Average NIK, +0.12% ) up 0.2% 

 Hong Kong (Hang Seng Index HSI, -0.57% ) down 0.6% 

 Shanghai (Shanghai Composite Index SHCOMP, -1.00% ) down 1% 

 Sydney (S&P/ASX 200 XJO, -0.28% ) down 0.5% 

 Seoul (Kospi SEU, +0.04% ) up 0.1% 

 Taipei (Taiex Y9999, -0.15% ) down 0.1%


 

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