Nymex gasoline for April delivery RBJ5, -2.96% fell 4.7 cents, or 2.6%, to $1.762 a gallon, poised for a loss of more than 6% for the week. April heating oil HOJ5, -3.75% fell 6.6 cents, or 3.7%, to $1.713 a gallon, down over 8% for the week.
April natural gas NGJ15, -0.48% fell less than a cent to $2.727 per million British thermal units. It saw a weekly decline of nearly 4%..
Oil futures fell sharply on Friday, to tally a weekly decline of nearly 10%, as a monthly report from the International Energy Agency raised concerns that the glut of crude supplies and tightening storage capacity in the U.S. may cause prices to weaken further.
Crude-oil for delivery in April CLJ5, -4.36% fell $2.21, or 4.7%, to settle at $44.84 a barrel on the New York Mercantile Exchange. Prices ended the week with a loss of 9.6%.
April Brent crude LCOJ5, -4.38% on London’s ICE Futures exchange shed $2.41, or 4.2%, to settle at $54.67 a barrel, with the front-month contract down 8.5% for the week.
In other metals trade, Copper was the only major metal on Comex to gain for the week. May copper HGK5, +0.56% settled at $2.6635 a pound, up a half cent for the session to tally a gain of roughly 2.2% for the week.
April platinum PLJ5, +0.26% rose 30 cents to end at $1,115.20 an ounce, while June palladium PAM5, +0.90% tacked on $1.75, or 0.2%, to $788.70 an ounce. Both contracts saw losses closer to 4% for the week.