Markets & Finance

Energy Futures Higher


MICHAEL FITZPATRICK, Fimat USA, New York (2:35 p.m. EDT): Energy futures,

after opening lower on worries about higher inventories,

turned higher on the news Venezuela is having trouble with one of

its catalystic crackers... don't know when it will resume

operations... refinery problems recently have been the

major factor in gasoline surging.. believe June gasoline

futures, now at 106.80 cents, could hit 110 cents in near

future... May futures hit 116 cents last week, which bit

overdone... crude is up at $28.50 level.

Gold, Platinum Higher

DAVID MEGER, Alaron Trading, Chicago (12:30 p.m. EDT): Gold up to $266.50

level but off earlier highs when dollar faltered against

yen, euro... dollar index recovered from earlier lows...

nevertheless, the gold looking better than it has for

while... report some buying on dips... also report some

funds buying... see resistance at $268... Platinum up to

$624.80 on continued fund buying even though lease

rates have fallen... waiting to see if it can hold above

$620 resistance level.


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