Gasoline Market Update

Nymex reformulated gasoline blendstock for March RBH5, +0.42%   — the benchmark gasoline contract — was up 2 cents, or 1.4%, to $1.6495 a gallon.

Oil Market Update

Crude-oil futures pushed higher Monday, with some investors continuing to bet that oil prices have bottomed out.

U.S. light, sweet crude futures for delivery in March CLH5, +0.68%  rose 38 cents, or 0.7%, to $53.16 a barrel in the Globex electronic session. Nymex is closed Monday for Presidents Day, and futures trading on Globex will end at 1 p.m. Eastern.

Brent crude for April delivery LCOJ5, +1.07%  rose 72 cents, or 1.1%, to $62.24 a barrel on London’s ICE Futures exchange. The recent rally in crude prices has been stronger for Brent than for Nymex West Texas Intermediate, with Brent trading near its highest level so far this year and above $60 a barrel.

Silver Market Update

March silver SIH5, -0.63%  was flat at $17.295 an ounce. Platinum for April delivery PLJ5, -0.39%  fell $2 to $1,207.50 an ounce, and March palladium PAH5, -0.89%  dropped $5.45 to $789 an ounce. 

High-grade copper for March delivery HGH5, +0.13%  rose a penny, to $2.61 a pound.