Wednesday, December 1, 2010

December 1, 2010

It was Wednesday but you could not tell that there was a crude and gasoline inventory build as crude rose 3.1% in one day because favorable U.S. employment numbers, an expansion of Chinese manufacturing, and news that the IMF would support European efforts to address the sovereign debt problem of Italy, Portugal and Spain.

Today, crude +42.38, $86.75; gasoline +5.04¢, $2.3004; distillate +9.71¢, $2.4056.

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