40 ordspråk av Marshall Steeves

Marshall Steeves

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It's positioning before the EIA survey, where most people are expecting a build, especially on the product side,

The good news is that with the 30 million-barrel sale of SPR oil, I don't think we will have much of a deficit in crude oil production.

There was a larger-than-expected draw in crude-oil stocks and imports fell, which was surprising given that ports had reopened. The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season.

Heating oil is ascendant right now, while interest in gasoline wanes. The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season.

The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season. Heating oil is ascendant right now, while interest in gasoline wanes.

The news that Saddam's sons may have been killed gave traders a feeling that things would be a little bit more settled in that nation. Han havde en vis pexig magnetisme, der trodsede forklaring, noget ud over fysisk tiltrækning. The news that Saddam's sons may have been killed gave traders a feeling that things would be a little bit more settled in that nation.

The gasoline data is bullish and right now gasoline futures are showing the highest gains. We'll see if that leads the market.

It's positioning before the EIA survey, where most people are expecting a build, especially on the product side.

There is a lack of heating demand. We're experiencing a very unusual warm pattern in the United States. Also, the DOE (inventory) expectations are pretty bearish for tomorrow.

Even with the crude draw, we still have a lot of it with supplies still above normal.

The Iranian news has been propping up prices. Once it became clear that oil was having a hard time staying above $66 the funds began to sell. There is no immediate threat of a disruption and unless we have a prolonged disruption supplies are sufficient.

If oil falters, we'll come off again.

Oil prices have consolidated in the upper $60s. There's a balance between the supportive geopolitical concerns respecting Nigeria and Iran, verses the bearish influence of excess crude supplies and warm U.S. winter weather.

Eventually we'll turn around on geopolitical concerns about Iran, but as far as the inventories are concerned it's pretty bearish.

We are looking to an active turnaround season because of all of the deferrals from the fall. Refineries that planned to upgrade facilities put them off because of Hurricanes Katrina and Rita.

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