Are Lower Gas Prices In Your Future?

A sell off in heating oil and gasoline, led petroleum products futures
lower on the New York Mercantile Exchange today.

April crude oil
(
CLJ2 |
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Chart |
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PowerRating) closed lower at 20.48 down .59.
April heating oil
(
HOJ2 |
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Chart |
News |
PowerRating) closed at 52.74 down 2.04. April unleaded
gasoline
(
HUJ2 |
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PowerRating) dropped 2.16 to close at 63.56. 

Some analysts based the selloff as a technical move, others said
there appears to be a change in sentiment from recent days as brokers now played
down their concerns the U.S. may stage a military attack on Iraq. While analysts
said the possibility of an attack on Iraq is still providing some support to the
market, it is no longer a driving force.

Today In
Agriculture futures, May soybean futures
(
SK2 |
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PowerRating) dipped lower today on the Chicago Board of Trade,
pressured by the improving weather outlook for South America. Soybeans closed at
440.500 down 4.50. Wheat for May
(
WK2 |
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News |
PowerRating) delivery fell 3.00 to $283.250
a bushel; and May corn
(
CK2 |
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News |
PowerRating) also fell closing at 208.250 down 3.500.

April live cattle
(
LCJ2 |
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PowerRating) rose .03 cent to 74.55 cents a pound; March feeder cattle

(
FCH2 |
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PowerRating) rose
.05 cent to 81.65 cents a pound; April lean hogs
(
LHJ2 |
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News |
PowerRating) fell .63
cent to 58.77 cents a pound; and May pork bellies
(
PBK2 |
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Chart |
News |
PowerRating) fell .17 cent to 77.85 cents a pound.

In the
Metals: April gold futures
(
GCJ2 |
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PowerRating) were slightly softer Monday on the Comex division of
the New York Stock Exchange as the dollar strengthened against the euro. April
gold closed at 292.90 down .90. April
silver
(
SIJ2 |
Quote |
Chart |
News |
PowerRating) was also slightly lower, down 3.00 to 437.500 and
April copper closed at 70.90 up .60.