After hitting a high of $86.41 on the Tuesday after Easter, crude prices have fallen five consecutive days. The actual amounts the price has dropped is not significant, but cumulatively, $2.90 in five trading session may be dripping slowly but it is still a descent of prices. Lower demand and oversupply are still the reasons why prices have fallen. At $84 crude stands on the high side of the price range but now it is falling.
Tomorrow's government report on inventory will be market indicator that decides where prices will go the rest of the week.
Today, crude -$0.43, $84.01, gasoline +0.75 cents to $2.3080, distillate -0.82 cents, $2.2142. Street steady at $2.649.
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