The analysts and traders are trying to find a reason to get prices to go up and the anonymous European Central Bank official who says every thing is going to be OK was enough not to go down for the fourth straight day but WTI barely moved up, ending at less than a cent a gallon (39¢/bbl) today. The other news was bearish as US home prices are still falling and the Saudis are threatening to cut production if Brent and affiliated crude prices go below $90/bbl.
Today, WTI+39¢, $80.24; Brent-3¢, $103.94; RBOB+1.47¢, $2.5694; HO-.43¢, $2.7915.
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