Demand is growing, and we still have uncertainties in Nigeria, and the ongoing situation in Iran continues to worry. The sentiment is still very positive and the market in a very bullish mood.
More Quotes from Bruce Evers:
Crude stocks were broadly in-line, but distillate and gasoline were better than expected, but that was not a surprise given the incredibly mild weather recently in the States.Bruce Evers
Numbers were below consensus because they had a big impact from the hurricanes and the closure of Texas City. These were events outside their control.
Bruce Evers
I don't expect it will come down very much further. What we've seen over the last couple of years is if there's any meaningful sell-off, people buy the dips aggressively.
Bruce Evers
One doesn't see the Nigerian situation getting any better anytime soon. There is plenty for people to focus on. People just don't know which way markets are going to break.
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There is ample crude around. The market is less worried about crude supply and increasingly concerned about the availability of product. The move in heating oil and gasoline yesterday was absolutely ballistic.
Bruce Evers
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Based on Topics: Worry QuotesPeace is a natural effect of trade.
Charles de Montesquieu
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