The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside. -Nauman Barakat

 

The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside.


Comments

There are not yet any comments on this quote. Why not register / login and be the first?



This quote is just one of 8 total Nauman Barakat quotes in our collection. Nauman Barakat is known for saying 'The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside.' as well as some of the following quotes.

It gets cold. Winters are cold, it's not a surprise. We had such a mild November we'd need it to be 15 to 18 degrees below normal for the rest of the month to get the degree days we had last year, and that's not going to happen.

Nauman Barakat
282

It is not 9/11 in its devastation or its impact on global demand. Therefore this sell-off will be very temporary.

Nauman Barakat
260
There is no reason to think we are anywhere near the top. -Nauman Barakat
221

The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside.

Nauman Barakat
214

The big build in distillates is what's going to be putting a lid on this market, ... I think we are probably due for a big correction.

Nauman Barakat
181
It looks like some of them are coming back a lot quicker than some of us thought. -Nauman Barakat
165

For the time being it's put a top on the market. It'll be difficult to trade above $30 in the short term. Longer term, the jury is still out.

Nauman Barakat
160