Crude took a sideways turn today,first falling and then recovering before staying just a little behind yesterday's close. Gasoline finished higher while distillate fell moderately. Economic news is not so good with housing starts' decline overcoming the tiny fall in unemployment claims. The slight increase happened even after the full impact of yesterday's inventory reports came to be more fully understood as bearish on the market because it augurs continuing weak demand.
Today, crude -8¢, $76.37, gasoline +0.49¢, $2.0903, distillate -1.53¢, $2.0562.
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