The news is conflicting. The economy continues to improve with joblessness seeming to abate and higher oil prices have not dampened demand. The dollar gained on the euro as Europe struggles to solve the Portuguese debt problem. Libya and Nigeria are still considered problematic for short and mid-term supply.
Today: WTI +$1.59, $110.30; Brent +48¢, $122.67; RBOB -0.53¢, $3.18; HO +2.35¢, $3.21
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