Energy OverView April 16, 2013

Although not to the same extent, crude oil prices joined precious metals in declining significantly, yesterday, adding to Friday’s losses. The prices levels were remarkable: Brent broke below $100 and WTI hit a low of 86.40 overnight. Prices have rebounded, however, and Brent is back above $100. RBOB gasoline and heating also added to recent losses, and drivers in the historically cheaper price zones in the US should see sub-$3.00 per gallon price points this week. In the popular financial press has speculated over the “great rotation,”

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