The stronger dollar led to a modest 1.2% decline for NYMEX futures. There was also a lower than expected inventory build that may be attributable to refiners' caution about the current high prices and that may also be why refinery utilization fell 1.4% as refiners play cautious about manufacturing oil products when the economy still seems to be stagnant.
Today, WTI-$1.28, $105.43; Brent-$1.07, $125.15; RBOB-0.76¢, $3.347; HO-0.94¢, $3.2618.
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