Prices were being pulled up by the decline in the dollar and the rise of equities but were also being dragged down by the news coming out of the Federal Reserve Open Market Meeting where a lot of concern about the economy was raised. However, today's settlement was the first decline in six sessions, if such a small dip can be considered more than a sidelong move, but also was the third consecutive session of sideways movement. It may be that $85 is about as high as the market will allow WTI to go.
Today, WTI -24¢, $85.57; Brent +63¢, $113.36; RBOB +0.11¢, $2.7487; HO +3.06¢, $2.9347.
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