Gasoline for January delivery RBF5, +0.01% fell nearly 2 cents, or 1.1%, to finish at $1.6244 a gallon, a fresh five-year low. See: The states were retail gasoline will drop below $2. Nymex January heating oil HOF5, -0.26% bucked the trend to gain 1.5 cent, or 0.7%, to end at $2.0614 a gallon. Heating oil on Wednesday hit its lowest finish since September 2010. January natural gas NGF15, +0.77% fell 7 cents, or 1.9%, to $3.6340 per million British thermal units. That snapped a two-session winning streak.
Oil prices slumped further Thursday, with the U.S. crude benchmark settling under $60 a barrel for the first time in more than five years. On the New York Mercantile Exchange, light, sweet crude for delivery in January CLF5, -1.02% fell 99 cents, or 1.6%, to settle at $59.95 a barrel. That marked the lowest settlement since July 14, 2009 for a front-month contract. The U.S. oil benchmark has dropped 44% from its June 20 high. January Brent crude LCOF5, -0.41% slid 56 cents, or 0.9%, to settle at $63.68 a barrel on London’s ICE Futures exchange. The European oil benchmark finished at its lowest level since July 16, 2009.
January platinum PLF5, -0.25% fell 40 cents to $1,242.20 an ounce, while March palladium PAH5, -0.21% lost $1.80 to $819.60 an ounce. High-grade copper for March delivery HGH5, +0.02% tacked on 3 cents, or 1%, to $2.92 a pound.
Gasoline for January delivery RBF5, +0.01% fell nearly 2 cents, or 1.1%, to finish at $1.6244 a gallon, a fresh five-year low. See: The states were retail gasoline will drop below $2.
