There was lots of volatility as the market went above $82 and below $81 today while the news from Europe, US demand, and even the inventory forecasts were considered during trading hours. In the end we had a sideways day. Traders seem intent on going above $85 but demand has yet to surface to support that price. This week's EAI report on Wednesday might be the determinant of whether prices continue to rise or fall and stay within the $75 - $81 range.
Today, crude -$0.07, gasoline -0.27 cents to $2.282, distillate -0.3 cents to $2.101. Street price steady at $2.599.
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