The market is expecting another significant jump in U.S. stocks later today, and this focus has pushed geopolitical uncertainties off to the side, for now at least.
More Quotes from David Thurtell:
From his language he recognizes that while higher prices are good for revenues in the short run, longer term they help destroy demand. OPEC is probably going to increase by 1 million barrels a day.David Thurtell
We can expect two months of lost production, and coming in the peak-demand period this is the worst possible news.
David Thurtell
The lingering political risks to supply mean we're not going to drive prices down too far or too fast. They haven't gone away but had slipped onto the back-burner either side of the U.S. supply report in the middle of the week.
David Thurtell
Rising U.S. (crude) stocks could put a bit of pressure on prices, but I suspect we are at the time when stocks will stop rising and will start falling soon.
David Thurtell
The Nigerians indicated capacity could be back on line next week. That's could, not will, and the reality is we could be missing those half million barrels for some time yet.
David Thurtell
Peak demand for winter fuel in the northern hemisphere is what is going to be driving oil prices in the fourth-quarter.
David Thurtell
Readers Who Like This Quotation Also Like:
As a governor, I am naturally inclined to focus on the domestic side of protecting the United States.Bill Owens
One of my major goals is to develop a web of the small Wyoming museums and create a major museum system. There are about eight of these museums, and they are all scattered.
Robert T. Bakker
Look, we play the Star Spangled Banner before every game. You want us to pay income taxes, too?
Bill Veeck