New unemployment claims down, housing starts up but at very low levels, WTI flat while Brent dropped as the debt problem with Greece continues and threatens greater economic problems for Europe as the euro fell again and the dollar rose. Right now WTI is in a holding pattern because most analysts believe it should not go lower while Brent is being pushed by potential tightening of supply and pulled by the falling euro.
Today, WTI+14¢,$94.95; Brent-$3.08,$114.02; RBOB+2.59¢,$2.9494; HO+1.9¢,$3.0038.
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