In the short term we could see a knee-jerk reaction higher. Lawrence Eagles
In the short term we could see a knee-jerk reaction higher.
Our feeling is that with the current surplus of physical crude that prices will continue to erode from here for the next week or two. Lawrence Eagles
Our feeling is that with the current surplus of physical crude that prices will continue to erode from here for the next week or two.
While gasoline was clearly the main driving force behind the market on Friday, there is little doubt that the Middle East tension also provides some upside momentum for crude. Lawrence Eagles
While gasoline was clearly the main driving force behind the market on Friday, there is little doubt that the Middle East tension also provides some upside momentum for crude.
[The DOE report] suggests that more product (such as heating oil) may be available in the week ahead, ... Adding to this, the U.S. 6-to-10 day forecast calls for above-normal temperatures in much of the U.S. northeast. Lawrence Eagles
[The DOE report] suggests that more product (such as heating oil) may be available in the week ahead, ... Adding to this, the U.S. 6-to-10 day forecast calls for above-normal temperatures in much of the U.S. northeast.
As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground. Lawrence Eagles
As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground.
I would imagine they'll use their 20-day price trigger as the barometer, which means not until the end of June, by when we should know what the UN is doing with smart sanctions. Lawrence Eagles
I would imagine they'll use their 20-day price trigger as the barometer, which means not until the end of June, by when we should know what the UN is doing with smart sanctions.
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