58 Quotes by Kyle Cooper
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The Iranians are going ahead with their nuclear program and saying the heck with what the rest of the world thinks. They didn't say anything about cutting supplies but the market is still nervous.
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The heating oil fundamentals are the worst since the winter of 1998-1999 when the price was 30 cents. There is plenty of supply and prices should be lower. It's too early in the winter but in a few weeks prices should be much lower.
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The market (has) a slightly lower bias. Production curtailments in the Gulf remain supportive, while demand factors must now be considered.
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The market is lower as weather forecasts are considered rather bearish through the middle of the month,
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The last time inventories were this high was in early 1999 when prices were below $20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.
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The last time inventories were this high was in early 1999, when prices were below $20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.
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Sometimes making people laugh or even making them scared can be accomplished by a good opening sequence.
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Gasoline inventories are tighter than they were a few weeks ago. It's all about perception, because inventories are well above where they have been in previous years.
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Crude hasn't been responding to fundamentals all year. I think crude has been 8 to 10 overvalued for some time and has been responding to the fear of what could happen rather than the reality of what is happening.
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