26 ordspråk av John Person
John Person
As long as prices hold above the $520 to $540 range, I feel more comfortable remaining bullish.
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Concerns over inflation have not disappeared.
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Crude oil tumbled in the final minutes of trading as traders are taking an attitude that prices may not see a substantial gain based on supply disruptions from Hurricane Katrina.
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Demand is up mainly as it has a dual role as a food and bio-fuel product.
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Demand is up mainly as it has a dual role as a food and bio-fuel product. Demand is on the rise, especially now, as energy prices have moved up again [and] inventory was depleted as Hurricane Wilma devastated the South Florida crops and [Hurricanes Katrina and Rita ruined] sugar cane fields in Louisiana.
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European leaders are pressing Iran to step back their 'saber rattling' threats over nuclear developments. This situation was priced in the market last week -- and as traders returned back to work and focused on the current fundamental supply situation -- prices backed down off the highs.
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For prices to advance much further from the $11-to-$12 level, we will need to see a boost in consumption, or a setback in getting pipelines operational.
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If prices accelerate too far over $600, people will feel the market is a little overburdened from the long side.
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If the core rate shows lower inflation than expected, it will give a hint that the Federal Reserve is close to the end of its rate hikes, and this would give equity markets a boost overall,
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If the market is truly in a bearish trend, it will close below its open.
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If this storm does start to track towards [the Houston] area ... we would certainly see a lengthy recovery process in the nation's refinery industry.
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Inflation fears, monetary policy around the globe is changing and investors' sentiment toward owning gold has improved -- and that continues to spark demand.
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Mild weather is the culprit. Inventories are plentiful as well [and] imports of LNG [liquefied natural gas] and pipelines in the Gulf are passing through ample storage supplies.
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The demand factor is strictly ruling this market -- supplies are available but are commanding higher prices due to the uncertainties that plague the market -- Iran, Nigeria and global demand is to say the least more of an issue now than ever before.
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The market needs at least a minimum of three 350,000-barrel-per-day refineries to comfortably meet and keep up with the pace of demand here in the U.S.,
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