Markets To Watch Today

Gasoline: Gasoline supplies may be subject to a tightening of supplies, as the phaseout of the MTBE additive is completed. A senate panel is considering halting tariffs in response to the anticipated shortage. As one might expect, domestic ethanol producers are against the loosening of import barriers. April Unleaded futures closed at 1.9592, up 0.0050 on ACCESS overnight trading.

Silver: Silver zoomed past the $11 mark yesterday and is continuing is journey upward today. The Fed's interest rate hike did nothing to slow momentum in the metal. May Silver is trading at 11.440, up 33.5 cents this morning.

World News: The UN Security Council on Wednesday formally approved a statement calling on Iran to suspend uranium enrichment efforts. The text made significant concessions to Russia and China, which were anxious to avoid language that might later be used to press for sanctions against Iran, should it remain defiant. The statement calls on Mohamed ElBaradei, director general of the IAEA, to report back on Iran's compliance within 30 days.