Markets Stuck in a Funk
by Trey Cowan
|Tuesday, April 10, 2012
Broader markets and the energy complex continue to be stuck in a funk. The S&P 500 index fell nearly 2 percent to close at 1,359. Crude was not much better for the wear, falling 1.5 percent.
Brent and WTI crude traded lower on the day. On the NYMEX, May contracts for light sweet crude fell $1.44 to settle at $101.02 per barrel. May futures for Brent slipped $2.79 cents to $119.88 per barrel.
Gasoline prices also fell on the day for May reformulated gasoline blendstock, declining five cents to finish at $3.25 per gallon.
Natural gas took some harsh blows, falling nearly 4 percent as May futures fell 8 cents to settle at $2.03 per MMBtu, rounded.
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