News of an improving economy and the fall of the dollar versus the euro led analysts to ignore oil fundamentals about supply and demand and caused crude and both gasoline and distillate to escalate in today's trading. Crude is now trading where it was over two years ago when prices were falling rapidly. It is now rising in fits and starts but steadily rising since October 1 and staying in the $80s.
Today, crude +$1.25, $88.00; gasoline +5.49¢, $2.3553; distillate +4.9¢, $2.4546.
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