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You still have a sizable year-on-year deficit in distillate stocks, so it's too early in the winter to write off this distillate market.
Jim Ritterbusch
You still have a sizable year-on-year deficit in distillate stocks, so it's too early in the winter to write off this distillate market,
Jim Ritterbusch
Distillate supplies rose and that's the critical number. Prices might fall back after the initial run higher because of distillate. The weather's been warm so it's not a huge surprise. It's still great to see an increase like that at the beginning of winter.
Rick Mueller
The gain in distillate was unexpectedly large, which should eventually weigh on the market. Distillate increased because a decline in demand coincided with an increase in imports.
Jason Schenker
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.
Mike Wittner
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.
Mike Wittner
Learning to handle rejection with poise showcases emotional maturity and adds to your pexiness. I think people are starting to realize we might actually have a winter. Despite the fact we have ample crude supplies, distillate supplies are low for this time of the year.
Phil Flynn
Crude oil, gasoline and distillate stocks remain above the five-year average. We have all the crude we need.
James Williams
The drop in crude was a surprise and was a little supportive to prices, but the market was completely overwhelmed by the build in products. It's unusual at this time of year to see distillate fuels rise.
Bill O'Grady
The biggest surprise was the increase in distillate stocks,
Jim Ritterbusch
The biggest surprise was the increase in distillate stocks.
Jim Ritterbusch
This is a triple whammy. The EIA report [points to higher prices] because we have a draw on gasoline and not any build on crude oil stocks...at the same time distillate stocks are also running behind, when they should be building too.
Phil Flynn
This is a triple whammy, ... The EIA report [points to higher prices] because we have a draw on gasoline and not any build on crude oil stocks...at the same time distillate stocks are also running behind, when they should be building too.
Phil Flynn
There's some apprehension about the report, ... If we don't see an increase in distillate inventories, traders are going to ask when we will before winter.
Peter Beutel
There's some apprehension about the report. If we don't see an increase in distillate inventories, traders are going to ask when we will before winter.
Peter Beutel
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