The losing streak ended at 9 days as crude rebounded by the end of trading today on news of increased industrial production and OPEC jawboning about production and prices. Nothing has changed about the huge stock piles of crude all over the world including floating storage and no quota is safe with OPEC members. The dollar continues to strengthen and until demand actually rises, it will be hard to see prices go up much. Tomorrow's inventory will reveal all.
For the day, crude +$1.30 to $70.84, gasoline +2.41 cents to $1.8524, distillate +1.1 cents to $1.8524.
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