Friday, November 18, 2011

November 18, 2011

There was a little volatility in the market today as equities were up and the dollar was down while reports of manufacturing in the Philly area was reported to be down. Additionally. reports have come in that Spain is about to join Greece and Italy in having to pay greater than expected rates to bondholders as it begins to suffer from its own debt crisis. There is also some concern that Enbridge's pipeline reversal will bring enough production to market. The markets were worried about Europe and Spain's problems will only exacerbate the worry.

For the week, WTI-$1.48, $97.41; Brent-$6.60, $107.56; RBOB-12.54¢, $2.6038, HO$-13.29¢, $3.0325.

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