Daily Markets - U.S. Distillate Demand Falling Off A Cliff

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U.S. Distillate Demand Falling Off A Cliff Posted: 07 Aug 2010 11:01 PM PDT Crude Oil had a breakout this week as the risk trade was put on, it benefitted from the short the dollar, and go long commodities play. Plus equities have been testing the higher levels, and trying to establish a higher trading range. The problem with market participants today is that they become too bearish when indications appear bad and too bullish when indications appear good. For example on July 5th you couldn`t give crude oil away for $71 a barrel, and one month later, you couldn`t get … [visit site to read more]

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