Wednesday, December 29, 2010

December 29, 2010

Analysts may be starting to wake up as to why inventories are falling this month and may not want to be holding expensive inventories next month when products start to build with lower priced product. Crude and product prices all went up. The news that consumer confidence and home values are down did nothing to help make prices increase. Prices are magnified this week as trading volume is low. Tomorrow's EIA report will affect the final settlement prices of the year.

Today, crude -33¢, $91.12; gasoline -1.77¢, $2.3904; distillate -0.45¢, $2.5215.

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