FINANCIAL MARKETS : COMMODITIES : Gasoline Leads Energy Higher
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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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