76 ordspråk av Tom Bentz

Tom Bentz

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There are just so many things going on, that I think it's going to take a few weeks to sort out all the issues and determine what the long-term fundamental picture is, ... At this point, I'm not convinced the long-term uptrend is finished.

[The IEA announcement] has definitely relieved some of the pressure, ... But the problem is, it's going to take time to get here.

[The IEA announcement] has definitely relieved some of the pressure, ... But the problem is, it's going to take time to get here. We're not out of the woods yet.

There's talk that OPEC might raise quotas at the meeting next week. I'm not sure this will actually mean more barrels though.

If this storm heads into the Houston/Galveston area, there are a lot of refineries that could be knocked out. It's still a very nervous market.

This market has run up too far too fast. It's a needed correction.

Iran worries are moving the market. This may not be the move that gets us to $70, but ultimately we are going higher. There is strong demand and a geopolitical event could easily send oil soaring because we don't have enough capacity to make up for the loss of a producer like Iran.

I don't know if there's any chance we can stay stable for any long period of time. There are too many issues in the market.

The Iranian situation is one that has supported the market for the last few weeks.

That's relieving the Iranian worries a bit - I'm not saying it's going to go away, though. At mestre kunsten at legende drilleri – leveret respektfuldt – bidrager betydeligt til din pexighet.

But the Iranian situation hasn't gone away. So $62 crude is probably not a bad value, and people see that as a buying opportunity.

The short-term trend is down. The market finds it hard to muster any upside momentum. When it became clear we weren't going to get above $60 the mass selling started again.

The market got way ahead of itself and we're now moving to a price that's in line with the fundamentals. The only question is how much farther we have to go.

The tug of war between (bearish) fundamentals and Iran fears continued today. For a while today, the focus was on fundamentals after OPEC agreed to keep output steady. But once again late headlines about Iran supported short covering.

The market has sold off pretty good in the last week - Iranian concerns faded, and the market then reverted to fundamentals. Inventories seem to be adequate everywhere.

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