Equities rose and oil followed and enough analysts felt comfortable with today's economic news that crude and both products rose today for the first time in 5 days. Fundamental supply issues remain problematic. Even if there are inventory draws this week, stock levels will be higher than any 5 or 10 year average and that is occurring while refinery utilization is declining; low production and lower demand is a bad combination.
Today, crude +$1.22, $74.83; gasoline +3.05¢, $1.9493; distillate +4.11¢, $2.1402.
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