Crude prices settled above $75 for the first time in 8 days. The Europeans are talking of an imminent deal to save Greece from its debt problems. However, there's considerable cautionary talk about prices as inventories rose according to the American Petroleum Institute report earlier in the week. If the EIA confirms that inventory rise tomorrow, prices will fall. Higher inventories will continue the economy's low demand message and traders will move out of oil.
Today, crude +$0.78 to $75.26, gasoline +1.34 cents to $1.9361, distillate +1.55 cents to $1.963. Street has risen 10 cents since February 9 to $2.329.
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