Gasoline Market Update

February gasoline RBG5, -3.43% turned higher, ending Thursday up less than a penny, or 0.3%, to settle at $1.3409 a gallon on Nymex. February heating oil HOG5, +0.65%  also turned higher, up 1 cent, or 0.7%, to $1.7110 a gallon on Nymex.

Natural Gas Market Update

Elsewhere in energy trading, natural gas for February NGG15, +1.54%  delivery rose nearly 6 cents, or 2%, to end at $2.9270 per million British thermal units, as stockpiles fell. Natural-gas inventories declined 131 billion cubic feet in the week ended Jan. 2, the U.S. Energy Information Administration said. Analysts polled by Platts had expected a decline between 117 bcf and 121 bcf.

Oil Market Update

New York-traded oil futures ended higher on Thursday, shaking off earlier weakness, while Brent prices hit fresh multi-year lows but held above $50 a barrel.

Light, sweet crude futures for delivery in February CLG5, +0.78% rose 14 cents, or 0.3%, to settle at $48.79 a barrel on the New York Mercantile Exchange.

February Brent crude LCOH5, +0.50%  on London’s ICE Futures exchange declined 19 cents, or 0.4%, to settle at $50.96 a barrel. Brent has fallen in eight of the past 10 sessions, and Thursday’s finish was the lowest for the benchmark’s front-month contract since April,30 2009.