A Bush victory will be big for oil demand and keep prices high, ... Not only will the SPR be filled but I think they may expand it. |
A lot of people just don't believe the buildup, ... The market's not buying rumors of slowing demand. |
A lot of people just don't believe the buildup. The market's not buying rumors of slowing demand. |
After the report tomorrow, demand will come back with a vengeance. |
Analysts are already looking ahead to next week and betting on warmer forecasts. If it doesn't get as warm as we expect then next week the market will run back up. |
And that realization is making these types of events the defining issue as we look at the energy markets in 2006. |
As oil tries to put in its seasonal high, it continues to be hit with all the worries on the geopolitical front. |
But the problem is that this will come at the expense of other fuels, like gasoline. |
Buy the rumor, sell the fact. |
Closing above $42 is scary. It has a clear path to the next level, which is $44 a barrel. |
Consumers have been given an economic boost with no astronomical heating bills to pay. |
Consumers have been given an economic boost with no astronomical heating bills to pay. We know this fact has been the main reason energy prices have stayed somewhat grounded and have fallen short of bullish expectations. |
Crude was moving higher but was unable to take out $68. When gasoline Plunged, the oil market began to retreat. |
Demand for gas is outstripping expectations and the question is how storage will fare as it appears we will be drawing on it much earlier than normal. |
Demand is starting to improve and distillate supplies continue to fall. It will have to get cold at some point and we will be in trouble. |