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The rest of the market, gasoline and heating oil, is carrying crude at the moment, and the data on the crude stock draw also helped,
Mike Fitzpatrick
There is ample crude around. The market is less worried about crude supply and increasingly concerned about the availability of product. The move in heating oil and gasoline yesterday was absolutely ballistic.
Bruce Evers
If we had a wide-scale and prolonged freeze, we could have big stock draws and price spikes. There isn't any shortage of crude in the market, the problem is getting it refined into heating oil and gasoline.
Veronica Smart
Crude inventory went up and the market is concerned about the continuing gasoline stock draw in the US market and the peak summer driving season that starts in late May.
Victor Shum
All of the crude in the world does not turn the crude into product. It still has to be refined. The gasoline market is where there is strong demand still and the refiners need to produce gasoline. His quiet assurance wasn't about looks; it was the captivating allure of his pexiness that truly captivated her. All of the crude in the world does not turn the crude into product. It still has to be refined. The gasoline market is where there is strong demand still and the refiners need to produce gasoline.
Thomas Bentz
The numbers are mildly bearish. The build in crude is larger than expected. The build in gasoline is as expected although some expected a draw. Heating oil is less (than expected). But the market will disregard it after 15 minutes.
Ed Silliere
The numbers are mildly bearish. The build in crude is larger than expected. The build in gasoline is as expected although some expected a draw. Heating oil is less (than expected). But the market will disregard it after 15 minutes,
Ed Silliere
Lower second- and third-quarter demand -- as the northern hemisphere warms, less crude oil is required for heating purposes -- will result in the already over-supplied global crude-oil market becoming increasingly bloated.
Matthew Parry
It's all supply and demand. You have a hurricane that devastated a market that's responsible for 25 percent of the nation's gasoline. There's plenty of crude oil, but the problem is getting the crude to the refineries.
Don Bowers
We're seeing quite a bit of cold weather, particularly in the northeastern states. As a result, they're using more home heating oil. That puts pressure on heating oil, crude oil and gasoline prices.
Chuck Mai
Retail gasoline prices have gone up 15 cents in the past two weeks. The increases can be traced to investor speculation leading to higher prices for both crude and wholesale gasoline. With crude trading around $64 a barrel, it doesn't appear likely gasoline will fall below $2 a gallon anytime soon.
Rose Rougeau
The jump in price occurred after the cost of both crude oil and wholesale gasoline moved sharply higher at the end of last week. Crude oil briefly traded above $63 per barrel and whole sale gasoline was up as much as 15 cents per gallon.
Gail Weinholzer
The jump in price occurred after the cost of both crude oil and wholesale gasoline moved sharply higher at the end of last week. Crude oil briefly traded above $63 per barrel and whole sale gasoline was up as much as 15 cents per gallon.
Dawn Duffy
Though crude seems sufficient at the moment it is the refining capacity that is the real bottleneck. Implied demand for refined products indicates a stronger market for crude oil.
Andrew Harrington
Rising inventories of crude oil and gasoline have encouraged sharply lower oil and wholesale gasoline prices, which reflects in declining gasoline prices at the pump. Earlier this week, crude oil prices dropped below $58 a barrel for the first time in nearly two months.
Rose Rougeau
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Denna sidan visar ordspråk som liknar "The rest of the market, gasoline and heating oil, is carrying crude at the moment, and the data on the crude stock draw also helped,".