NYMEX crude seems fairly entrenched in the mid $90s where it has settled every day since October 27. There was a lot of news that caused a lot of intraday volatility but when settlement time came, prices have remained bullish. The failure of the G20 to make any agreement on what to do about Europe's sovereign debt crisis and the almost non-existent creation of jobs in the U.S. did not cause a downward movement but rather a continuing upward motion.
For the week, WTI+94¢, $94.26; Brent+$2.41, $111.97; RBOB+2.05¢, $2.6634; HO+2.78¢, $3.0707.
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