When the oil market notices that China is back, and remembers the fire that China's exploding oil demand lit under prices last year, the 'China factor' alone should be sufficient to floor near-term prices.
More Quotes from Deborah White:
It is pretty clear that we can break 70 without too much problem.Deborah White
The IEA release has thrown some water on prices. But what remains to be seen is how strong the fundamentals are and whether there will be any more hurricanes.
Deborah White
It was black you couldn't see nothing. There wasn't no life in her. All that smoke.
Deborah White
Today, everyone has moved off those two stories a bit. We're expecting a build in crude, so it's hard to simultaneously say crude is desperately short and U.S. stocks continue to build.
Deborah White
The market is reacting today as if oil at less than 74 a barrel is a bargain.
Deborah White
The IEA is doing what it can to talk the market down. The spin is don't worry too much, we've made this release, there might be another and demand is slowing down.
Deborah White
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Oliver Wendell Holmes
It's the constant and determined effort that breaks down all resistance, sweeps away all obstacles.
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Happy indeed is the scientist who not only has the pleasures which I have enumerated, but who also wins the recognition of fellow scientists and of the mankind which ultimately benefits from his endeavors.
Irving Langmuir