76 ordspråk av Tom Bentz

Tom Bentz

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This is a bull market and we have not found a top yet.

This is pretty big. We've got these new refinery problems while we're already in turnaround season.

This market has run up too far too fast. It's a needed correction.

Under normal circumstances a move of 70 cents in either direction would be a big deal, but that's no longer the case. There's a lot of support in the $72.60 to $72.75 area and until we break through you won't see a significant pullback.

We are drifting a little bit after a pretty big run-up over the last week. It's only a matter of time before we break through $70.85 and then head to the mid- $70s.

We certainly can't stand another storm, ... That's why people are watching the storms out there now.

We continue to press higher for the same reasons for the last few weeks. Iran is probably the biggest factor, with the war of words heating up.

We got a bigger-than-expected decline because offshore production is still down by more than 50 percent and imports were down. The shock of Katrina is still being felt.

We need to take out yesterday's low of $70.70 before you can say that this market is set for a correction. Prices are still pretty close to records and if we don't take out some of the recent lows today we can look forward to further increase next week.

We saw some late short-covering today. Once everyone realizes the downside is done, we'll bounce back next week and trade back around $11.

We still have about a half-million barrels of high-quality, sweet crude off the market as a result of the troubles in Nigeria.

We still have some major problems down in the Gulf, and they're not going to go away.

What are they saying that is not already known?

Where the top is is pretty hard to say at this point.

You have to believe that high prices have certainly hurt some demand. But how much is another story. If prices at the pump start falling, everyone will go right back to their old ways of guzzling gas.

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