Gasoline Market Update : Epic Research Singapore

Gasoline for January delivery RBF6, +1.07%  tacked on 2.9 cents, or 2.3%, to $1.262 a gallon, rebounding from losses a day earlier, while January heating oil HOF6, +0.46%  shed nearly a penny to $1.105 a gallon.

Oil’s decline was due to a combination of the U.S. dollar rally post-Fed and “WTI still feeling its way around $35 as it continues to test its 2008 low,” said Colin Cieszynski, chief market strategist at CMC Markets.

January natural gas NGF16, -1.25%  settled at $1.755 per million British thermal units, down 3.5 cents, or 2%. It was trading around $1.833 before the data. With market plagued by ample inventories and weaker demand, prices settled Thursday at their lowest since March 1999.

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