Commodities Corner: Gasoline futures log lowest settlement in 11 years [MarketWatch]
IHS Markit Ltd. Common Shares (INFO)
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Source: MarketWatch
Gasoline futures log lowest settlement in 11 years Gasoline leads the losses in the energy market on Thursday, with futures prices dropping by more than 19% to their lowest settlement in more than 11 years. The April contract for reformulated gasoline futures RBJ20, -18.95% fell 21.28 cents, or 19.2%, to settle at 89.75 cents a gallon. That was the lowest finish for a front-month contract since Dec. 30, 2008, and the biggest one-day percentage loss for a most-active contract since Sept. 2, 2003, according to Dow Jones Market Data. The losses followed President Donald Trump’s address to the nation late Wednesday, during which he announced restrictions on travel between Europe and the U.S. for 30 days. The announcement fed concerns over the global economy and demand for energy, sending U.S. benchmark crude-oil futures CLJ20, -5.85% down by more than 4% Thursday. Read: Oil ends with a loss of over 4% after Trump imposes restrictions on travel from Europe “The intensity of the se
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