New unemployment claims are higher than forecast, crude and product inventories are also higher than expected, and fuel consumption is 2.5% lower during the driving season. In the financial markets the dollar rose against other currencies. The surprising issue is why crude remains above $80 with all this bad news.
Today, crude -39¢, $82.06, gasoline -0.89¢, $2.1657, distillate -1.34¢, $2.1881.
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