Europe's sovereign debt crisis does not seem to have a workable solution but the markets keep hoping that one is in the offing. In three of the past four trading days, however, analysts seem to be inclined to no resolution and the euro goes down while the dollar goes up and this leads to crude falling. Today's trading followed that trend. The volatility will continue until the Europeans resolve the debt crisis.
Today, WTI-$1.64, $97.77; Brent-$1.45, $107.21; RBOB-3.25¢, $2.5636; HO-1.64¢, $2.8961.
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