After a big drop in price such as happened yesterday, there would be normally be expectations of a bounce back to correct the previous day's rather precipitous fall. The market started out that way today with positive trading but could not keep positive. The dollar beat up on the euro and despite claims of job gains, the unemployment rate rose to 9%. The euro was especially hit hard by the news that Greece wants out of the euro consortium.
For the week, WTI -$16.54(-14.5%), $97.18; Brent -$16.16(-12.8%), $109.69; RBOB -38.99¢(-11.2%), $3.0901; -41.28¢(12.7%), $2.8457.
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