OGJ NEWSLETTER

Oil and product prices seesawed in early January. Concerns about low U.S. gasoline inventories and much warmer January weather after a bitterly cold December led to several days of sharp gains and declines. WTI futures in the U.S. for February delivery closed Jan. 10 at $22.90/bbl, down 780 from the recent high of $23.68/bbl Jan. 3. The closing price fell as low as $21.62/bbl earlier last week. Unleaded gasoline futures for February delivery dipped to about 61/gal Jan. 8 from more than 67/gal

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