Despite all the economic uncertainty and abundant supply, oil markets were up significantly for the month. The trading range has been $72.95 to $78.99 during the month. The economy grew at a 2.4% rate rather than 3.7% as forecast. Traders took comfort in other economic reports and raised the price throughout the day after the initial shock of the economic report was announced.
For the month, crude +$3.29, $78.92, gasoline +4.2¢, $2.1026, distillate +6.1¢, $2.0427.
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