50 Quotes by Barclays Capital
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The market continues to appear well-supported and we see the overall macroeconomic and geopolitical environment as favorable for gold.
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The dichotomy in the US market between tight products and flush crude has become more pronounced.
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The current high levels of U.S. inventory is of little comfort given that it is the product of an unusually high level of seasonal maintenance. Although crude stocks are rising, product stocks are falling and U.S. oil demand is growing strongly.
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The markets seem to be pricing in close to zero probability of something going wrong.
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The loss in potential gasoline output from these plants alone is expected to be of the order of 600,000 barrels a day.
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