Investors went on the attack today after several sessions of healthy losses and viewed current values as buying opportunities. As a vote looms on the Greece debt crisis, most are now expecting the Nation will accept the austerity package as stave off pending doom. As the dollar felt the brunt of this news, NYMEX values skyrocketed in early morning trading. Yet, citizens of Greece still found the time and energy to riot in the streets. Interesting news in the US as Home prices were up slightly for the first time in over 8 months, signally to some a momentum shift in the economy. Of course, those same speculators disregarded a report that shows consumer confidence dipping yet again. With Crude inventories expected to fall slightly on Wednesday and the products expected to build, along with the official start of the summer driving season hitting this week, we are lining up for an exciting Wednesday in the Industry. I would like to believe that cooler heads prevail and we continue our march down. Remember, one day does not make a trend and the trend is your friend. At the close, Crude added $2.28 to end at $92.89, HEAT jumped .0608 to 2.8257 and RBOB led the charge gaining .0821 to $2.8896.
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RBOB CLOSE
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CLOSE CHANGE
JUL 28896 +.0821
AUG 28156 +.0712
SEP 27886 +.0683
OCT 26787 +.0662
NOV 26583 + .0642
DEC 26505 +.0622
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HEAT CLOSE
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CLOSE CHANGE
JUL 28257 +.0608
AUG 28415 +.0601
SEP 28609 +.0599
OCT 28814 +.0602
NOV 29018 +.0602
DEC 29214 +.0602
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