On most Wedenesdays the fundamentals of supply and demand are the most important factor in futures price movements for crude and products. Today was no exception as technical matters took a back seat to higher than expected imports, increased supply, and boosted refinery utilization. Continuing worries about sovereign debt problem resolution and the rise of the dollar over the euro kept prices from settling beyond yesterday's close.
Today, WTI-79¢, $100.49; Brent-$1.28, $109.53; RBOB-5.85¢, $2.5869; HO-3.93¢, $2.9824.
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