55 Quotes by Tim Evans

The OPEC demand revision is more of a reminder than anything else. Between the high level of crude stocks and the downward revisions to demand, the price should have trouble climbing like it has done this week.

We've rung the bell at $600 and now we're perhaps ready to consolidate before we consider higher price levels.

Basically we hit some support levels ... and if it can't go down, it's got to go up.

From the current snapshot, (electricity) conditions look a lot more similar to last year than they appear different.

If we were to see another major storm, we could have damage on damage.

I was looking for a rebound in imports as some of the activity along the Gulf Coast came back to normal.

It is pretty clear they were attempting to move this oil into a crude oil market where there was already a surplus.

It is a surprising report in just about all respects. But I think it is something that we have to expect in times like these that the data doesn't always fit into a neat little model of what we think ought to be happening.

Really, we've had some focus (on oil) since mid-February, when both markets made a significant low, and both markets had a near retest of those lows on Wednesday. Oil is emerging as the focus for the gold market as a surrogate for general commodity inflation. Without that kind of commodity inflation, then gold becomes a less attractive investment.