Crude ended Tuesday's trading $0.64/bbl higher at $79.14 led by stronger demand for distillate that rose 2.4 cents to $2.0584 while gasoline followed suit 1.9 cents closing $2.0052. This happened despite a strengthening dollar but with a forecast for declining inventories. OPEC now says that production will not increase but there will be greater emphasis on quota compliance.
All await tomorrow's inventory report.
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