Traders are invested (literally) in rising prices. Today they saw their chance to get prices moving up again and there were big gains for crude and especially for gasoline. The surge of German exports in March and the concern that refineries along the Mississippi would be flooded made this an opportune time to bid higher. The 22¢ drop of gasoline last Thursday was just about wiped out by the 19¢ jump today.
Today, WTI +$5.36, $102.54; Brent +$6.17, $115.86; RBOB +18.8¢, $3.2781; HO +11.65¢, $2.9622.
No comments:
Post a Comment