3 Quotes by Robert Mabro

There is no reason to do anything other than a rollover. The market is functioning and oil is plentiful.

You have an oil market that is quite tight in the products side, particularly in the U.S.. Then you have a hurricane which closed eight refineries. The market looks at the situation and realizes supplies are even tighter. Prices will only fall if demand declines.

The hurricane created a crisis, but the roots of the problem are much deeper than that.