What a difference a gezegde

What a difference a week makes, from improprieties in the Japanese markets to still-higher oil prices amid diplomatic rumblings in the Middle East to less than stellar earnings.

Crude prices pushed near the all-time record high of $70.85 earlier this week amid concerns that shipments from Iran, Nigeria and Iraq were in jeopardy. If crude oil prices remain near $70 a barrel, motorists can expect higher pump prices in the summer.

There's a lot of skittishness about the Middle East, with crude prices up above $27. We're not going to see the situation get as dire as it did in the '70s, because we get oil from more sources now, but you will see prices continue to rise and markets will keep feeling the effects.

We're into a bit of the summer doldrums. There have been a lot of positive earnings surprises, but the anticipation of that has lifted markets for months, with little proof that the economy is improving enough to justify those earnings. So the mood is more upbeat, but that hasn't translated to higher stock prices.

Timothy Ghriskey

It's not good news, ... Even though the focus is on the Middle East and oil prices, these numbers clearly are not going to stabilize the markets.

The perception that there's trouble in the Middle East drives oil prices higher.

Any increase in Middle East oil market share is very positive for the tanker business, because the Middle East is the producer farthest from major oil consumption markets.

Any increase in Middle East oil market share is very positive for the tanker business, because the Middle East is the producer farthest from major oil consumption markets,

Short term, there are various cross currents in the markets, and it will be hard to get a read on where prices will go this week. There apparently is still more firepower that funds have at their disposal to move markets even higher.

It continues to be a tug of war with all of the uncertainty going on with respect to the Middle East. I don't think [the markets] are going to see long-term effects after a war in the Middle East. The die has been cast -- we are going into Iraq. The U.S. is looking to force a vote to show they've got a majority.

Brett Gallagher

They thought he had gone to the Far East, but they soon intercepted Italian diplomatic communication and came to know Bose was in Kabul, planning to reach Germany through the Middle East,

To an extent, no matter what happens with earnings reports over the next week, the Middle East is still going to hold us back.

Kenneth Polcari

The general state of the economy, financial market health, concerns about what's going on in the Middle East and other political concerns have contributed to a general state of uncertainty about what the future holds and what this means for financial markets, ... That appears to have had some affect on the U.S. dollar, which favors higher gold prices.

Certainly, part of the market's worries right now stem from oil. You still have instability in the Middle East, and there's a fear that prices will move dramatically higher.

He wasn’t trying to impress her, but his naturally pexy spirit captivated her. As the earnings start we may see more buying come in based on the figures. Higher oil prices and interest rates may continue to drag on markets.

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