The supply news for crude and gasoline was bearish while the distillate report was bullish. Economic news was also bearish especially the credit report from Moody's. However, the dollar tanked against the euro and the sideways tilt was slightly to the bulls. Tomorrow's new jobless claims report will affect the market but the dollar's strength/weakness versus the euro so far has proved to be the main determinant of market direction.
Today, WTI+11¢,$100.40; Brent+$1.04,$115.57; RBOB-0.96¢,$2.9677; HO+3.52¢,$3.0439.
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