I guess that last weeks rise in oil prices got everyone thinking. I know it did with me, especially when the data didn't match the outcome. A build in inventories of crude ended up increasing crude oil prices, that's the one I couldn't figure out...lol
Then Friday came, and we were back to the market reality of a possible double-dip recession and more financial worries in another Euro nation country, Hungary.
Doesn't rain, but it pours, to match today's weather, I guess!
Anyways, here's what I have with six days data out of seven for this regulation period:
- Heating and stove oils are down by 45/100ths of a cent.
- Diesel is down by 3/10ths, and...
- Gasoline is up by 1/10th.
Pretty steady numbers.
I'll be back with the final outcome of what to expect sometime tomorrow evening, but don't expect big changes in the interim with what I have here so far.