NYMEX Oil Complex Ends Lower but Holds Well Above Lows

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NYMEX Oil Complex Ends Lower but Holds Well Above Lows

March 09, 2010 3:25:PM ET

By John Troland

Houston, TX March 9, 2010 3:25 PM ET
The NYMEX April crude contract and RBOB gasoline and heating oil contracts ended the day below Monday's settles but above intraday lows as the price hawks continue to support prices whenever they appear in danger of reversing a nearly 1 month uptrend. Today, that support came when prices could not even attempt a breach of the April WTI low of $80.16, thus sending overnight sellers scrambling to cover short positions. With little market moving news to speak about there.......

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