Oil traders played a wait and see game with the movement of the dollar and the price of crude still fell even though the dollar also dropped. The traders want to see prices go up but economic conditions and industry fundamentals also influence in which direction crude eventually goes each day. Now, traders will scrutinize the decisions of the OPEC meeting Thursday which is, incidentally, also the day that the government issues the inventory report.
Today, crude -54¢, $81.70; gasoline -4.22¢, $2.125; distillate -1.76¢, $2.2631.
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