36 Quotes by Jim Ritterbusch

The U.S. dollar recovery yesterday and today is forcing some funds to part with their longs. They were looking for an excuse to take some profits and they found that excuse in the dollar strength.

High prices are eating into consumer demand, and the focus is on gasoline because of the upcoming driving season.

By and large you had this myriad of refinery news which supported the products and pushed crude prices up.

The gasoline figure was the important number, the decline was much larger than expected.

The gasoline draw is a bullish number, without doubt. The decline was much bigger than the 1.1 million barrels draw the Street was anticipating,

The funds are really scrambling to build a larger position in the long gasoline crack spreads.

The funds are back in the market, showing a strong commitment on long positions for crude.

The fundamentals across most of the complex are so bearish that on any given day you're either going to need to a lead from gasoline or some bullish geopolitical headlines to give this market a rally. Otherwise it's just going to sink.

The main feature was the big gasoline drop again. That's going to support the entire complex.