---
title: Market Finally Falls after Calm Weekend
description: Close, CRUDE fell $2.87 to $109.92, RBOB lost .0602 to $3.2005 and HEAT tumbled .0672 to $3.2525. One day does not make a trend, but..
---

[Dennis K. Burke, Inc. Market Updates ](https://www.burkeoil.com/value-added-services/energy-market-updates)

# [Market Finally Falls after Calm Weekend](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/47264/Market-Finally-Falls-after-Calm-Weekend)

 Written by [Mark Pszeniczny](https://www.burkeoil.com/value-added-services/energy-market-updates/author/mark-pszeniczny) | Apr 11, 2011 1:58:00 PM

Futures tumbled today after seeing double digit increases in the HEAT pit on Friday as fear of prolonged unrest overseas and the possibilty of a Governmental shut down loomed.  At the eleventh hour a deal was struck to keep the U.S. Government running with both sides claiming victory.  New reports this morning had Libya tension cooling as a proposed peace deal is on the table.  The problem is, the deal calls for Gadhafi to remain in power.  As one would expect, the deal has been accepted by the current regime but rejected by rebel forces.  It was somewhat relieving to see our first down day in the last nine sessions.  We are all looking for a healthy correction of the speculative buying that has pushed HEAT higher by almost 20 cents in the last 10 days.  With warm air finally making its way into the Northeast, we should see some length get pulled out of the HEAT pit.  At the Close, CRUDE fell $2.87 to $109.92, RBOB lost .0602 to $3.2005 and HEAT tumbled .0672 to $3.2525.  As we have said many times, one day does not make a trend, but it would be nice if this was the start. 

 

Daily Heat Chart

| RBOB CLOSE |
| --- |
|                  CLOSE       CHANGE MAY    32005       -.0602 JUN    31867        -.0595 JUL    31741        -.0590 AUG    31562       -.0589 SEP     31305        -.0597 OCT    29909        -.0625 HEAT CLOSE           CLOSE    CHANGE MAY    32525       -.0672 JUN    32647       -.0645 JUL    32784       -.0620 AUG    32931        -.0591 SEP    33085       -.0571 OCT    33230        -.0556 |

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