There was no turkey shoot today. WTI barely advanced while Brent continued to fall for the 4th day. There seemed to be some forward movement in resolving the Greek sovereign debt problem and the dollar got stronger and equities were in the positive territory. There is no clear direction for the market at this time though the trend is bearish because supply is plentiful and demand growth is weak.
Today, WTI+25¢,$93.26; Brent-$1.52,$111.69; RBOB-3.45¢,$2.9115; HO-5.13¢,$2.932.
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