57 Quotes by Michael Fitzpatrick

We shift back and fourth between a focus on supply versus the world situation. Today we are focused on supply because of tomorrow's report.

The real dichotomy in this market is that crude inventories are very high and that could make for some violent, back-and-forth price action. For the foreseeable future, the path of least resistance remains up until there is a significant structural economic or political shift.

Mild weather is supposed to continue across most of the northern third of the country until next week, .

Mild weather and growing stockpiles can't be ignored much longer.

Milder weather forecasts for this week and extraordinarily high stockpiles continued to weigh on sentiment.

Only if the news from the around the globe remains quiet will selling continue in earnest.

Certainly the current supply fundamentals make it difficult to bid up prices much further.

If injections from April through October match last year's pace, stocks could begin the next heating season with a record 3.6 trillion cubic feet in the ground.

I can't see the lost production being restored fast enough to reverse prices.