Inventory builds and rising unemployment could not overtake the falling of the dollar and crude went up $1.19 as it now begins to test the $90 ceiling. Even news that fuel consumption fell for the week ending November 26 could not keep crude from rising. Helping the bullish thinking are the future projections of $110/barrel and $120/barrel crude that sees increased demand and therefore these higher prices.
For the week, crude +$5.43, $89.19; gasoline +14.18¢, $2.3521; distillate +17.62¢, $2.4874.
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