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Week Ending July 9 ? Crude Up Strong while gas and diesel fall

Gasoline and diesel at the pump fell slightly while the futures markets are heating up? Crude Supply and Demand - On Wednesday, the EIA reported that Crude Stocks were down 4.9 million barrels for the week but up 10.9 million barrels from the same period a year ago. Supply is still well above seasonal norms yet markets continued to push Crude higher as the weekend approached. NYMEX Crude futures rose in Friday trading even as Government economic data continues to hint that the economic recovery is at best holding its own or even stalled.

Week Ending July 9 ? Crude Up Strong while gas and diesel fall
xcel, Jul 10, 2010
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