If the inversion is to persist or deepen, then it may be interpreted as a real bear sign.

And a sign to them is that We bear their offspring in the laden ship.

The gain in distillate was unexpectedly large, which should eventually weigh on the market. Distillate increased because a decline in demand coincided with an increase in imports.

That's a very volatile category. We can't necessarily count on the increase we've seen in that category to continue the rest of the year.

It is typical to see a slight drop in utilization in the first week of the year. This slight drop, coupled with imports, could allow for a slight crude-inventory build.

A further deterioration of the situation in Nigeria, or escalation of nuclear brinkmanship with the Iranians, could push the (New York) price of crude further to 70 dollars.