Even the slightest trading movements are a big deal this week as it is the lowest volume trading week. With this as background, any movements this week that contrast with the fundamentals of low demand and over supply can be changed very quickly next week. There are still two days of trading this week and they will be affected by the release of inventory numbers tomorrow. Draws are expected in crude and distillate and both futures have risen steadily for over a week. How much last minute LIFO moves will tend to drop futures prices these last couple of days also remains to be seen.
For the day, crude +$0.11 at $78.91, gasoline -0.33 cents at $2.0154, distillate +3.03 cents at $2.1043.
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