The dollar dropped today and crude rose. Trading is still low, less than 50% of normal volume and the traders still trading are playing it cautious. There is obviously lots of talk coming out of OPEC but it may not really matter because of the cheating. The market is poised for news of crude and product inventory draws when the EIA makes it weekly announcement tomorrow.
For the day, crude +$1.38 to $74.11, gasoline +1.69 cents to $1.8865, distillate +0.4 cents to $1.9415.
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