A weaker dollar pushed crude futures higher today. Initially, futures were down as analysts considered the effects of the S&P evaluation of the Federal Government's debt and the likely increase in interest rates for money to be borrowed to pay the debt. The unrest associated with elections in Nigeria also have caused the market to add additional premium to the cost of risk. Tomorrow's release of inventory statistics will probably have a great effect on price as crude and HO are expected to build while RBOB is expected to draw down as it is the season for greater gasoline demand while diesel demand tapers off.
Today, WTI +98¢, $108.15; Brent -27¢, $121.33; RBOB -1.98¢, $3.2331; HO -2.46¢, $3.1585.
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