The market is consolidating a little bit, but after closing just below $60 multiple times somebody will come in and sell it hard. I think we're going down to about $55-$56 in the long term. |
The market is overdone with fund buying and it's time for the pendulum to swing the other way. |
The U.S. economy is recovering and doing well. There's no doubt about that. And people are saying the demand is going to be up soon. |
There's going to be these lingering problems. There's still too much uncertainty in the New Orleans area. I think we are headed back to $70. |
These guys are just ramping up output so fast. We're going to get bigger builds and prices are going lower from here. |
These prices make no sense. We've got plenty of crude. |
Traders are worried that if this situation deteriorates, supply from Nigeria would be at risk. |
We are pulling back (from record highs), but this market will go back up. |
We are still in the midst of the hurricane season. A tropical storm looms off Florida's east coast. No one thought Katrina would do what it did when it was off the coast. |
We shouldn't really be going higher from where we are now. Because it's very cold in the Northeast distillate stocks supposedly should be drained. They're not. They're staying stable. |
We're going to have builds across the board. We have more oil than we know what to do with. |
We're going to move lower from here. It's not going to take months and months to get all these refineries back. |
We're probably going to go a little bit higher. There's still going to be problems getting everything back up. |
What they're saying is, not only will we cut off our oil but we're going to interfere with other people's oil as well. |