Monday, May 24, 2010

May 24, 2010

Very modest increases in crude and products today. The dollar continues its advance against the euro and China said it is not sure what credit policies to follow allowing every body to think that China won't minimize credit risk with its future policies. As we approach Wednesday's EIA inventory report, international news may not be as important as US demand and supply and other economic fundamentals.

Today, crude +16¢, $70.20, gasoline +0.69¢, $1.97, distillate +0.58¢, $1.9024.

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