---
title: Futures shed value, outpaced by Crude
description: Crude values have tumbled over the last two sessions outpacing the products which has many Americans wondering why...Crude
---

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

# [Futures shed value, outpaced by Crude](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/59501/Futures-shed-value-outpaced-by-Crude)

 Written by [Mark Pszeniczny](https://www.burkeoil.com/value-added-services/energy-market-updates/author/mark-pszeniczny) | Jul 11, 2011 10:14:00 PM

Crude values have tumbled over the last two sessions outpacing the products which has many Americans wondering why.  Crude fell another $1.05 today to close at $95.15 while HEAT managed to lose only 89pts to $3.0875 and RBOB dropped .0221 to $3.0705. HEAT actually traded positive briefly with about 20 minutes lef tin the session.  The complex as a whole opened up with strong losses across the board as China released reports that inflation has hit a 3 year high, while seeing Crude imports drop 6%, thus sending the dollar higher.  As Friday's news lingered this morning of a mere 18k jobs being added last month, the lowest in over 9 months, and the apparent stalemate with the debt reduction resolutions, many were taking profits.  Should be of no surprise that many market managers added length in the last week according to the most recent CFTC report.  The common theme is that once again we are in an overbought market with a very wide range.  That range for HEAT has been from 2.80 to 3.35.  The complex has been unwilling to breakout in either direction, primarily based on fear of the unknown.  Once again, an event will need to happen to have it break through the high or fall below the low.   

| RBOB CLOSE |
| --- |
|                  CLOSE       CHANGE     AUG     30705       -.0221 SEP    30249     -.0282 OCT    28915      -.0310 NOV    28561       -.0321 DEC     28446      -.0297 JAN    28506      -.0269 |

| HEAT CLOSE |
| --- |
|           CLOSE    CHANGE AUG    30875       -.0089 SEP    30982      -.0099 OCT    31106     -.0111 NOV   31262     -.0119 DEC   31416     -.0129 JAN   31560      -.0141 |

[View full post](https://www.burkeoil.com/value-added-services/energy-market-updates/bid/59501/Futures-shed-value-outpaced-by-Crude)

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