Highest crude futures price of the year at $73.89 due to unexpected housing starts announced early in the day may be followed by fierce drive downwards as the causes of greater than expected unemployment claims announced late today. Seems there is a lot of wishful thinking for an economic turnaround.
As this was the first day of the October contract Heating Oil rose 2 cents. Gasoline also rose 1.3 cents. Funny thing was street prices dropped 3 cents.
No comments:
Post a Comment