All the market signals are bullish. Falling inventories for crude and product, increased demand and utilization, reduced imports and continued unrest in North Africa and the Middle East. Multi-dollar shifts every day have been common in May as volatility seems to be writ large this month.
Today, WTI+$3.19, $100.10; Brent+$2.31, $112.30; RBOB+3.62¢, $2.9555; HO+6.08¢, $2.9059.
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