Thursday, October 13, 2011

October 13, 2011

For the second straight day, crude futures fell, if slightly. WTI followed equities but also reacted to the greater than forecasted inventory build. Product inventories saw a draw but that was because refinery utilization was trimmed 3.5% due to falling demand.

Today, WTI -$1.34, $84.23; Brent -25¢, $111.11; RBOB +.088¢, $2.7575; HO +3.67¢, $2.9714.

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