Energies Update
A surging USD and a day of thin trading have sent energies on a wild ride on the final day of trading in 2007. Crude was volatile throughout day, trading within the $2 range between 94.73 and 96.78 before settling at 95.94. A tropical cyclone halted Australia’s oil production until some time in the next few days. Gasoline seesawed throughout the range of 245.80 and 249.85 before closing at 248 even. Heating oil traded in an equally large range from 262.84 to 267.70 and closed at 265.75. Natural Gas steadily ticked upward throughout the day before settling around 7.500.