Increased unemployment claims, lower than expected sales of new homes, falling durable goods sales, and high inventories overcame supply worries concerning the blizzard in the Northeast. Still crude is only $1 off last Thursday's price. The market is still trying to find a direction and it seems that prices above $80 are not sustainable.
Today, crude -$1.81 to $78.04, gasoline -5.64 cents to $2.0425, distillate -5.1 cents to $2.0425. Street prices are now $2.559.
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