The market is concentrating on the bigger picture, which shows that four major U.S. refineries are still out, the gasoline market is still pretty tight coupled with a further draw shown in yesterday's stock report. |
There is still a lot of uncertainty in the market and I expect to see big swings in prices depending on news coming out of the Gulf of Mexico. |
There's quite a bit of speculative selling because of the doom and gloom on the demand side. That demand talk is a little overplayed. |