One week after flirting with $86/bbl, crude oil futures approached $95.50/bbl. The gains were whimsical - recession fears gave way to expectations that consumers were merely on hiatus in the first eighth of 2008. Gasoline and diesel were tugged higher. The former followed even though demand was shaky at best. The latter moved higher because low-sulfur diesel and gas oil are still tight in other corners of the world.
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