It is pretty clear that we can break 70 without too much problem.
More Quotes from Deborah White:
The crude market and the global economy have been quite willing to pay 60 a barrel without harm. The only thing that has happened is that the economic boom that gave us the fastest economic growth in 25 years has slowed a little bit to bring demand back in line.Deborah White
OPEC is keeping it from going any higher. But we've risen on Nigeria. Nigerian crude is light, sweet crude. It tends to be in short supply.
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
It was scary but we had each other so we kept our sense of humor,
Deborah White
Refiners are exhausted, like runners in midmarathon. They've been pushing very hard since last year. As a practical matter, these things have limits. If you push too hard, capacity drops.
Deborah White
We notice oil has been rallying at the same time as copper and gold. That we think has to do with the funds.
Deborah White
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