Tuesday, March 20, 2012

March 20, 2012

Big drop in NYMEX crude as Saudis are trying to bring prices down to insure continuing economic recovery as China's economy seems to be slowing down as its export-based economy faces falling demand for its products. Adding to the falling crude price was a strengthening dollar and tumbling equities.

Today, WTI-$2.48; $105.61; Brent-$1.24, $124.12; RBOB-0.47¢, $3.3631; HO-2.46¢, $3.2367.

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