Wednesday, May 25, 2011

May 25, 2011

Crude has struggled to stay above $100/barrel this month. Today, despite the rising inventories and falling demand, crude and product prices all rose and WTI led the way. The dive that the dollar is taking is overcoming market fundamentals but it remains to be seen whether prices can continue to rise when demand is falling and supply is abundant.

Today, WTI+$1.73,$101.32; Brent+$2.47,$114.93; RBOB+2.34¢,$114.93; HO+7.06¢, $2.9803.

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