The high inventory levels at Cushing and the drop in refinery utilization led to a small increase in crude settlement but there was a big jump for gasoline and a medium rise in distillate. Analysts can risk more money in Brent and products and they are shying away from NYMEX because WTI seems impervious to market movements. the stronger downward movement of crude this week when compared to the much more modest drops in product bear this out.
For the week, crude -$2.43, $89.11; -1.22¢, $2.4824; distillate +1.5¢, $2.659.
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