Fears are escalating that if at this rate refineries don't get back online quickly, then gasoline supplies which are currently above normal will fall to below normal.
More Quotes from Phil Flynn:
There's a lot of interest in trading these commodities, but it used to take too much money. Now, it gives the little guy a way to get in the game.Phil Flynn
We can expect more normal readings soon but with each day that doesn't require heat, sellers will try to pile on.
Phil Flynn
Proposed talks between the United States and Iran can convince oil traders that maybe there is a way out of the Iranian conflict.
Phil Flynn
The main driver today is Tropical Storm Rita. We really can't afford to lose more production.
Phil Flynn
It reminds us how reliant we are on imports, and with the geopolitical climate and tropical storms, we could not afford to be down for any extended period of time to meet demand.
Phil Flynn
You're not going to worry too much about supplies. You're going into the summer season with record storage.
Phil Flynn
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Based on Topics: Fear QuotesMore stars in the north are seen not to set, while in the south certain stars are no longer seen to rise.
Nicolaus Copernicus
The United Nations cannot stand by and witness the destruction of the people of West Papua.
Bernard Dowiyogo
At this period the enthusiasm of the amateur was fast giving way to a more steady commercial instinct, and I let no opportunity slip of improving my position, but I felt that I was still labouring under the disadvantage of not having acquired some technical profession.
Henry Bessemer