105 Quotes by Jason Schenker

One of the biggest hurricanes ever is headed for the heart of America's refining capacity. Prices will hit new records if we get reports of flooding and other destruction once the storm passes.

If the rise in imports and utilization manifest this week continues next week, it could apply some downward pressure. Of course, any decline in petroleum prices would be predicated on the notion that the Iranian geopolitical situation remains relatively quiet.

If this leads to the shut-off of Iranian oil, I think it would probably mean we've got bigger problems than the price of oil. But if we end up with a 1970s-style oil embargo, we could see prices go markedly higher into uncharted territory.

Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.

If we were able to reach a 'comfortable unease' on the Iranian situation, I think we'd see prices drop into the low $50s.

If the inversion is to persist or deepen, then it may be interpreted as a real bear sign.

If it remains this close to 2 percent, then I think economically speaking, we're sitting pretty. I don't think this changes what the Fed does in May. I think another rate hike is likely then. But I think it stems the talk of rates rising as high as 5.25 percent, at least for now.

He is more likely to focus on geopolitical and security issues. But he might also talk about the job and housing markets.

I think it is easily conceivable that we could see crude futures hit $70 this week.