Tuesday, February 16, 2010

February 16, 2010

Having taken a long weekend, traders forgot fundamentals and noticed the dollar's weakness and so prices climbed big today. The euro traded strong as did commodities. The good feelings were further assisted by the normal postponement of the EIA inventory report until Thursday.

Today, crude +3.33 to $74.20, gasoline +7.35 cents to $1.999, distillate +8.94 to $2.003. Street -6 cents to $2.239.

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