Traders were a bit restrained today as they reconsidered where futures settled last Friday and where it was headed today and this led to a 1% fall for NYMEX futures. The 7.3 increase in crude prices since November rolled in may not be tenable as gasoline demand continues to stagnate and the economy does not seem to be moving forward. Adding to the gloom was the fall of equities that was caused by the fall in the euro as there continues to be no resolution to the European debt problem.
Today, WTI-75¢, $98.14; Brent-$2.27, $111.89; RBOB-6.85¢, $2.5353; HO-0.94¢, $2.1622.
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