Gasoline Market Update

On Nymex Thursday, the front-month March gasoline contract down 1.1 cents, or 0.7%, at $1.708 a gallon, pulling back after Wednesday’s 6.1% rally. March heating oil HOH5, +3.14%  ended at $2.136 a gallon, up 3.2 cents, or 1.5%. The March contracts for the products expire at the close of trading on Friday.

April natural gas NGJ15, +0.26%  fell 16.5 cents, or 5.8%, to end at $2.697 per million British thermal units on its first full trading day as a front-month contract.

Oil Market Update

Oil futures on Thursday settled at their lowest level in nearly a month, with strength in the U.S. dollar adding insult to injury to a market that is already suffering from record-high crude supplies in the U.S.

April crude CLJ5, +1.93%  dropped $2.82, or 5.5%, to settle at $48.17 a barrel on the New York Mercantile Exchange. That was the lowest close for a most-active contract since late January.

Brent crude for April delivery LCOJ5, +1.63%  on London’s ICE Futures exchange lost $1.58, or 2.6%, to $60.05 a barrel.

Current Market Update

Tokyo (Nikkei Average NIK, -0.18% ) up 0.2% 
Hong Kong (Hang Seng Index HSI, +0.56% ) up 0.5% 
Shanghai (Shanghai Composite Index SHCOMP, +0.58% ) up 0.6% at break 
Sydney (S&P/ASX 200 XJO, +0.41% ) up 0.2% 
Seoul (Kospi SEU, -0.13% ) down 0.1% 
Mumbai (Sensex 1, +0.51% ) up 0.5% 
Taipei (Taiex Y9999, -0.80% ) closed for holiday