The equities and financial markets sent out a mixed bag of news today as did the inventory report and the result was a confused reaction from oil markets. The dollar gained on the euro and both the Dow Jones average and the S&P increased. However, gasoline supplies increased to their highest levels since the end of April and are the highest levels ever for the end of July since these reports first started coming out twenty years ago. This is a sure indication that the demand for gasoline even during these summer months is not as strong as it has been earlier in the decade.
Today, crude -10¢, $82.45, gasoline -1.89¢, $2.1746, distillate +0.15¢, $2.2015.
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