Tuesday, May 24, 2011

May 24, 2011

The dollar weakened throughout the day and Goldman Sachs has started talking up prices again. There was a report about China not doing as well as expected but Goldman talking up the price similar to what they did in 2008 and the years prior to that led to traders buying higher.

Today, WTI+$1.89, $99.59; Brent+$2.36, $112.46; RBOB+5.47¢, $2.9928; HO+6.26¢, $2.9097.

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