Monday, August 30, 2010

August 30, 2010

Previous to today, the 3 trading sessions had seen increases in final settlements despite the steady stream of bad economic news. Today there was a breakthrough that saw the price of crude fall even if it was a small decrease. The dollar is strengthening and equities are dropping while inventories are extremely high and a further build is expected.

Today, crude -46¢, $74.70; gasoline -1.06¢, $1.9373; distillate -1.76¢, $2.0269.

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