Futures are poised to go back down. Crude fell 37 cents, distillate dropped $0.008, and gasoline decreased $0.014. Gasoline street prices fell another three cents.
Ample supply is on traders' minds and even the scheduled refinery maintenance and decreased production will not overcome supply that is this long. For the moment the strengthening dollar does not help but it should still be noted that price levels are still $3+ higher than last Friday.
No comments:
Post a Comment