The weakening dollar, higher stock prices and reports of improved economic performance led to a 7 month high for crude. The year is starting out strong but it was also a day when there was little news about the euro and the debt problems across the pond. The Iranians continue to rattle their sabers and that is factored into the riskiness of supply.
Today, WTI+$4.13, $102.96; Brent+$4.78, $112.13; RBOB+6.23¢; $2.7486; HO+10.32, $3.0382.
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