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Gasoline Continues to lunge against crude oil
The upward revision of global growth by the IMF was the trigger to higher equity values yesterday. With a “risk on” bias, the Yen fell sharply and crude oil rallied while gasoline fell in price. The British Pound moved to a 19 month high against the Euro after the BOE apparently isn’t considering further quantitative easing. Yields on US debt move lower on Euro concerns while gasoline continues to lunge against crude oil. As far as economic releases, all we get is the oil inventory report at 10:30.
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