Crude inventories saw a build while Hurricane Irene cause refinery closures and slow downs and there was a sharp decrease in gasoline inventory. Crude went sideways and fell by 9¢ from yesterday's close. Gasoline rose 2.62¢ as some supply shortages along the East Coast were bound to happen because of flooding. Trading may get volatile as end of the week jobless numbers and end of the month economic reports come in.
It was an excitable month with a genuine drop in crude but much smaller decreases for both products. For August, WTI-$6.89,$88.81; Brent-$2.15,$114.59; RBOB-8.09¢,$3.032; HO-1.8¢,$3.0782.
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