Gasoline Futures Slide the Most in Three Months as Crude Drops
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Gasoline futures fell the most in three months, deepening losses as crude tumbled on speculation that a large commodity hedge fund was forced to liquidate.
March-delivery gasoline slid 2 percent. Oil in New York sank 2.3 percent and the Standard & Poor’s GSCI index of 24 commodities slipped 1.4 percent. Gasoline is the index’s second best performer this year, after cotton, amid concern refinery shutdowns will tighten supply.