Friday's announcement of an SEC suit against Goldman Sachs weighed heavily on the market for a second straight trading day as crude and product prices fell. All of the other news was also bearish: the dollar rose against the euro, planes continue to be grounded because of the volcanic dust spewing from an Icelandic volcano, and probably most important, OPEC members are sensing that prices are headed for an extended period of descent and are cheating heavily and likely causing a glut in the market.
Today, crude -$1.79, $81.51, gasoline -1.95 cents, $2.255. distillate -5.7 cents, $2.158.
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