usually by 11am, you have seen the lows, or the highs, for the day. the trick is to figure out which it is and play mid-afternoon accordingly. If your theory is correct, I may be able to push some vlo out the door this afternoon.
West Texas Intermediate crude rose to the highest in a month as Cyprus agreed on an international bailout, allaying concern that Europe’s debt crisis will worsen. WTI narrowed its discount to Brent to the least since July.
This news did not help.