There are a couple of countervailing forces in play. |
There is still strong growth potential in metals commodities in 2006 and now is the time to make hay. |
This appears to be a more coordinated and organized series of attacks. Prices have room to go up $3 or $4 a barrel. |
This is the time of year when stockpiles should be rising. We're in that sort of in-between period. Winter is sort of over and summer hasn't really started. |
Though crude seems sufficient at the moment it is the refining capacity that is the real bottleneck. Implied demand for refined products indicates a stronger market for crude oil. |
We're expecting stocks to show another rise from last week's healthy levels. There's certainly a degree of profit taking before the numbers appear after Monday's Iran-driven rally. |
We're gonna be looking at making sure that the delivered price of natural gas is at levels that insure customers have the level of savings that they've been looking for. |
Zinc is a lot stronger in terms of supply characteristics than the other metals. |