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Energy Up, Broader Markets Down

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The broader US markets closed down on the day, hurt by weakness in the technology sector. The energy complex on the other hand continued its ascent fueled by a continuation of mounting tensions surrounding Iran and their nuclear ambitions.

Brent and WTI crude both traded higher. April futures for Brent crude pierced $122 to settle at $122.90 per barrel, up $1.24 versus Tuesday's close. On the NYMEX, April WTI crude futures finished up three cents to settle at $106.28.

Among refined products, March reformulated gasoline blend was up one percent on the day to $3.09 per gallon, rounded.

Even natural gas broke out of its slump, trading up one percent on the day to $2.643 per MMBtu for the March contract at settlement.

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