Is China's increasing of interest rates and deposit requirements a move that will curb inflation or will it do little to help their economy as it is only one quarter of one per cent?
Will the airlines ever make up for the planes that did not fly over the weekend? What happens to total diesel demand now that both shopping and trucking were greatly curtailed because of snow storms On Christmas Day and the following Sunday. The markets seem to think that that demand will not make up the lost product, relatively speaking.
The draw on inventories will also soon end as the new year will mean that the LIFO layers will start anew and inventories can reflect true demand. This may stop the increase of crude and and product prices or limit the effects of dollar devaluation.
Today, crude -44¢, $91.04; gasoline -1.71¢, $2.4219; distillate -2.42¢, $2.5166.
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