Weaker than expected economic news from retail sales and housing starts overcame yesterday's news of impending changes in China's yuan that would lead to greater Chinese economic activity leading to crude's fall for the first time in three trading days. The strengthening of the dollar vs. the euro finalized crude's movement for the day and insured that products also followed crude's move down. Tomorrow EIA will release the inventory report and that should determine where prices go unless there are very dramatic movements in the currency markets or the economy.
Today, crude -77¢, $77.10, gasoline -0.9¢, $2.133, distillate -3.25¢, $2.1125. Distillate fell more than gasoline because of greater gasoline demand expectations over distillate demand.
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