Vacillating

The physical market overall gained on average less than a penny Wednesday with most points vacillating within a penny of unchanged. California locations did exhibit gains, however. Futures managed to advance as traders warily kept their eyes on a looming tropical storm now in the eastern Caribbean, and the ultimate trajectory won’t be known until the storm makes a critical turn to the north. At the close of futures trading September had risen 5.1 cents to $2.826 and October had added 5.4 cents to $2.863. October crude oil continued its march higher posting a gain of 42 cents to $97.26/bbl.