Gasoline took center stage today as a Hess refinery in the Virgin Islands was shut down for unexpected repairs and concerns arose about gasoline supply. This 3.6¢increase was modest but pronounced and there was barely any movement at settlement foe either crude or distillate. The dollar was steady and many traders were sitting on the fence because of the OPEC meeting this weekend. Although there was an announcement that unemployment claims were slightly down, there was no reaction from the markets as there has been a tendency for those numbers to be revised at a later date.
Today, crude +11¢, $88.39; gasoline +3.6¢, $3.3406; distillate +0.69¢, $2.4676.
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