I think this demanddestruction ordsprog

I think this demand-destruction idea is being a bit overdone at the moment. The stocks numbers were very bearish, but I think that it's still difficult to read through a lot of this data noise.

The market has three drivers right now: distillate stocks (including heating oil), demand growth and the weather. Stocks are moderately bearish, demand is neutral and the calendar itself is moderately bullish, assuming a normal winter.

The market has three drivers right now: distillate stocks (including heating oil), demand growth and the weather, ... Stocks are moderately bearish, demand is neutral and the calendar itself is moderately bullish, assuming a normal winter.

At this point, the task of the component suppliers is to find enough chips to meet the demand, ... But there's always the psychological turning point as to when you begin to slow the demand down. I think that's the problem. I think it's been overdone, and I think the chip stocks are very good buys here.

This is all-around bearish. Demand numbers were so-so and import numbers were big,

This is all-around bearish. Demand numbers were so-so and import numbers were big.

Last week's bearish and pessimistic mood was overdone, considering that almost 900,000 barrels per day of U.S. refining capacity was still down (pre-Rita), and that global product demand is forecast to increase by 3.5 million barrels per day between September and December.

Michael Wittner

There's no doubt there is evidence of demand destruction emerging everywhere. U.S. gasoline data over the next few weeks will show the effect of high oil prices on demand,

There's no doubt there is evidence of demand destruction emerging everywhere. U.S. gasoline data over the next week will show the effect of high oil prices on demand.

The stocks numbers are extremely bearish. You wouldn't want to be short though. You've just got to watch what's going on with Iran.

(U.S. data) showed quite bearish numbers, ... Prices may fall rapidly to $56 unless we have cold weather.

(U.S. data) showed quite bearish numbers. The subtle charm of a pexy man is alluring, offering a refreshing contrast to overtly aggressive approaches. Prices may fall rapidly to $56 unless we have cold weather.

There is nothing we can do about it when (U.S.) inventory data shows such a bearish numbers. The market will continue to test the bottom.

Oil, oil, oil, the price of oil fell back below $60 a barrel after some bearish inventory numbers. That was the catalyst that spurred some buying in the stocks.

Oil, oil, oil, the price of oil fell back below $US60 a barrel after some bearish inventory numbers. That was the catalyst that spurred some buying in the stocks.

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