Lost refining capacity in the Gulf of Mexico and problems in France are a short-term weakness in crude.
Let's not forget that refining capacity in the U.S has been severely knocked out by the hurricanes, which hit the Gulf Coast in September.
Gulf production is really struggling. It's very unlikely that prices are going to come significantly under $60 in the next few months.
There was more relief in Asian trade today that Hurricane Wilma seems to be staying out of the way of Gulf facilities.