Fed Chairman Bernanke is unsure about the economic recovery, crude and product inventories unexpectedly rise, and equities fell. All this bearish news led to small decreases in crude and gasoline and a moderate decrease in distillate. In other industry news, refinery capacity was up to 90.5% while fuel consumption rose over the previous reporting period 3.2% but this is summer and a much bigger increase and great draws on inventory were expected.
Today, crude -68¢, $76.56, gasoline -1.12¢, $2.067, distillate -3.53¢, $1.9892.
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