36 Quotes by Jim Ritterbusch

The real strength is from institutional funds flowing into the market.

This report is completely overshadowed by the storm. We did see a draw in gasoline stocks, and even though it's slight it isn't what this market needed,

This tightness of supply in the Gulf Coast is going to spread,

This thing has tentacles that are going to stretch all over the place,

We did see a larger draw than expected, but that draw was mitigated by a significant increase in refinery runs.

Crude supply is no longer an issue. We have plenty of it. However, that crude number is being countered to some extent by the large decline in gasoline stocks.

Crude stocks should show a sizable increase as an expected further recovery in imports toward 10 million barrels a day more than negates the impact of additional refinery restarts.

After Katrina, we're better equipped to analyze the potential for Rita and I don't think the upside response will be as exaggerated.

The big thing was that products stocks were up at expense of crude. The good news is we're building products supplies; the bad news is crude supplies are back down toward historic low levels.