The Federal Reserve announced that factory output fell 0.4% and China reported reduced economic growth. Meanwhile, the dollar fell against the euro and there was a drop in the jobless reports. This combination of factors led to a small decrease in crude and products. Earlier signs of optimism for greater revenue and profits are now being replaced with significant caution especially since demand has never really met expectations.
Today, crude -37¢, $76.60, gasoline -0.71¢, $2.0599, distillate -1.53¢, $2.0181.
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