Even though no one is expecting any real decision or news coming from the G20 Summit Meeting later this week, market watchers are still checking for signs and the market went sideways for the second straight day after the dramatic increases in price for crude last week. Today, the dollar and equities rose and oil played its part of the dance and fell. However, there are other signs that the market is watching. The status of inventory and the strength of demand are important when the currency market is uncertain. Gasoline also went sideways but down while distillate is gaining strength as we enter the cold season and demand for heating oil heats up.
Today, crude +12¢, $87.06; gasoline -0.33¢, $2.179; distillate +1.21¢, $2.3985.
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