29 Quotes by Mark Pervan

From a short-term point of view I don't expect any of these juniors to benefit. It's going to take six to 12 months to get legislation passed to get these guys up and running, and then they have to get government approval to actually mine the stuff. It could take many, many years for them to get their product to the market, let alone first defining what they've got.

We're now starting to see that demand is steadily improving. There's going to be stronger demand for heating oil and crude futures are starting to reflect that.

It had a pretty strong run, so the market is taking profits.

Other than that, it was a solid report with no real surprises.

Supply growth is not there, and the players in the market aren't investing in new supply.

We won't see much selling before the report comes out, as the sentiment is that there could be a larger drop than expected.

We're looking at a bit of profit-taking this morning ahead of the U.S. crude oil stocks report. The market's probably got a little ahead of itself, since the U.S. crude situation is very healthy at the moment.

There is probably a little bit of caution - we could see some profit taking - these prices look pretty heady.

But since U.S. gasoline supply is actually ample, I'm not surprised there's been a bit of profit taking today.