Crude Oil Continues to Slide as Demand for Distillates and Gasoline Falters

Petroleum prices continue to trade under pressure as reduced demand for heating fuels continued to erode distillates.  With the exception of west coast gasoline prices which increased in the latest week due to supply disruptions, the petroleum complex fell to fresh post financial crisis lows.  WTI crude oil touched a low in January of 32.10 per barrel, below the 2008 lows of…