Following the late rally for oil, April gasoline RBJ5, -0.64% rose 6.9 cents, or 4%, to $1.799 a gallon. April heating oil HOJ5, -0.68% settled at $1.773 a gallon, up 7.9 cents, or 4.6%.
April natural gas NGJ15, -0.03% added 6.5 cents, or 2.3%, to $2.92 per million British thermal units.
Oil futures climbed on Wednesday, as comments from the Federal Reserve, signaling its intent to raise key interest rates cautiously, indirectly sparked a rebound in West Texas Intermediate crude prices, pushing them above $44 a barrel.
Prices had earlier fallen below $43 to fresh six-year lows after a U.S. government report revealed a 10th straight weekly increase in crude supplies.
April crude CLJ5, -1.75% tacked on $1.20, or 2.8%, to settle at $44.66 a barrel on the New York Mercantile Exchange. The late-session rally put an end to a six-session losing streak. Prices closed Tuesday at their lowest level since March 2009.
Brent crude for May delivery LCOK5, -0.82% on London’s ICE Futures exchange rose $2.40, or 4.5%, to settle at $55.91 a barrel.
On Comex Wednesday before the Fed news, April platinum PLJ5, +3.31% fell $1.10, or 0.1%, to end at $1,092.60 an ounce, while June palladium PAM5, +2.33% tacked on $2.50, or 0.3%, to $764.65 an ounce.
May copper HGK5, +1.58% fell 6.25 cents, or 2.4%, to settle at $2.5705 a pound, its lowest settlement in over a month.