Friday, May 27, 2016

Gasoline Market Update : Epic Research Singapore

Back on Nymex, June gasoline RBN6, -0.10% fell 2.2 cents, or 1.4%, to $1.62 a gallon and June heating oil HOM6, +0.15%  lost 1.1 cents, or 0.8%, to $1.501 a gallon

Natural-gas futures ended lower after the EIA said U.S. supplies rose 71 billion cubic feet for the week ended May 20. That was above the 68 billion-cubic-foot rise expected by analysts polled by S&P Global Platts.

The expiration of the June natural-gas futures contracts at the settlement contributed to market volatility. June natural gas NGM16, -3.56%  settled at $1.963 per million British thermal units, down 2.9 cents, or 1.5%. July natural gas NGN16, -0.33% which became the front-month contract, lost 3 cents, or 1.4%, to $2.151.

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