FINANCIAL MARKETS : COMMODITIES : Gasoline Leads Energy Higher
From Times Wire Services
Gasoline futures prices rose sharply on the New York Mercantile Exchange, showing surprising resilience to bearish fundamentals and leading the entire group of energy commodities to a higher close.
On other commodity markets, pork belly futures fell and livestock futures were mixed; precious metals advanced, and grains and soybeans were mostly lower.
The contract for February delivery of wholesale unleaded gasoline surged 1.52 to 62.12 cents a gallon. Other contracts settled 0.55 cent to 0.97 cent higher.
West Texas Intermediate crude oil finished 25 to 32 cents higher, with March at $22.56 a barrel.
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