Demand is still down and supply is plentiful. The economic picture is not promising but the dollar fell against the euro and that was enough to cause crude and products to increase over yesterday and to show solid gains over last week. There is a fundamentals reason why prices are up as many refineries will do turn arounds to retool for winter product production.
For the week, crude +$2.83, $76.44; gasoline +2.77¢, $1.9465; distillate +3.17¢, $2.1308.
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