Gasoline supply and prices are driving things. The fall in crude stocks was a big surprise. |
It's taken a while but the market is now moving on the statistics. We tried to take it up when they first came out but failed, which made folks a little gun shy. Concern about gasoline supply and prices are driving things. |
The tension in the Middle East and other issues such as Nigeria will keep prices from falling. There are a lot of things that could occur in coming days, and none of them are positive. |
This is the path of least resistance. The market is intent on testing $70 again. |
We still haven't recovered from the hurricanes. The deficit just keeps on widening. |