Looking for good news amid all the negative economic reports, analysts determined that the vote of confidence in the government in Greece deserves a mention especially as it led to a rise in the euro and the consequent fall of the dollar. Unless something big happens, Tuesday is a day in limbo while the market waits for the publication of last week's inventory. There are expectations of an inventory decline but the two crudes have been going in opposite directions for most of the past week as WTI ekes its way up while Brent seems to want to close the premium gap by dropping more significantly. This seems to indicate that Europeans don't see supply as a big problem in the near term.
Today, WTI+14¢,$93.40; Brent-74¢,$110.95; RBOB-2.89¢,$2.8826; HO-4.2¢,$2.89.
No comments:
Post a Comment