The slight drop of WTI was blamed on the lower than expected survey of consumer confidence but that 9 percentage point fall was so much greater than the 0.4% decrease for NYMEX. At this point, the decline of WTI may be more mental exhaustion among traders as prices seemed poised to stay in the high $70s range earlier in the week while equities were falling so much so quickly only to see some return to positive territory towards week's end.
For the week, gasoline was slightly positive while distillate and both crudes were moderately negative: WTI-$1.53,$85.38; Brent-86¢,$108.51; RBOB+1.7¢,$2.8222; HO-3.8¢,$2.9037.
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