Today is not only Friday but also the last trading day until next Tuesday because of the 3 day Labor Day weekend. There was a lot of economic information being released and the markets generally took a bearish stance. Unemployment rose to 9.6%, equities rose while the dollar weakened, and the ISM's index fell 2.8 to 51.5. The Mariner's fire is out and all 13 workers on the rig escaped and this piece of good news amid the bad did not push prices up.
For the week, crude -75¢, $74.41; gasoline +3.39¢, $1.914; distillate -1.11¢, $2.0535. It was a tumultuous week but in the end. there was actually little movement.
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