The market is still watching the dollar and, as the dollar gained, crude fell. Traders were talking about the high reached yesterday of $83.52 and they may test $85 soon but the fundamentals are still bearish. How much China's economic numbers can be trusted to reflect growing demand for fuel remains a big question as is how can they grow if the American economy is not growing and the American consumer is not buying.
For the day, crude -$0.27 at $$82.66, gasoline -0.43 cents at $2.1373, distillate -1.42 cents at $2.1848.
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