Thursday, June 17, 2010

June 17, 2010

The dollar fell, there was increase in the number of new jobless claims, and economic growth seems to have stalled. When you add these figures to the crude inventory build, the price could only go down. Product prices continued to rise but that reflects not just US demand but increased demand for diesel from Asia.

Today, crude -88¢, $76.80, gasoline +1.76¢, $2.1635, distillate 3.55¢, $2,1472.

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