The first news out of the corporate earnings reports came out very positive and it is expected that these reports will be generally positive and be the harbinger for economic growth and greater fuel demand. The dollar also fell against the euro today and there are forecasts for a draw on inventories. Crude did its contrarian dance with the dollar and went up quite significantly.
Today crude +$2.22, $77.17, gasoline +5.4¢, $2.082, distillate +2.41¢, $2.0461.
No comments:
Post a Comment