105 Quotes by Jason Schenker

OPEC's statements and quota decision announced at the beginning of next week could exert a somewhat bearish impact on prices.

OPEC is likely to be a critical event next week. A cut in production, however, seems quite unlikely despite slower fourth-quarter U.S. GDP growth out today and a well-supplied market. The specter of oil supply disruption haunts energy markets.

Regardless of how large the draws are expected to be, especially in gasoline, seeing the actual numbers will be a shock.

Supplies are pretty lush. Once this report is digested we should see a big decline in prices. The geopolitical concern and economic growth are still there in the background supporting prices.

Such a strong report by a financial institution has to help others in the same sector. Rates have been rising but gradually, which gives some banks opportunity to adjust.

Markets were caught off-guard by a blow-out trade deficit, ... This could affect growth.

Massive inventory declines in crude oil are part of a three-month trend, heating oil prices continue their relentless rise, and the supply disruption premium is in full effect. This may only be the beginning; the winter oil bull run has begun.

It is conceivable that we could see $3 this summer.

That's a very volatile category. We can't necessarily count on the increase we've seen in that category to continue the rest of the year.