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February 08, 2010
11:20:AM ET
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By John Troland
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Houston, TX February 8, 2010 11:20 AM ET
The March NYMEX crude, RBOB gasoline and heating oil contracts are all in positive territory at midday in what we had suggested in our early report would be a day of see-saw trade activity. At the moment we believe the current positive prices are due to some light short-covering with today's settles still in doubt. However, that said, many of our indicators continue to suggest prices are more likely to end positive. .
Our views for the balance of today's trading.......
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