The market can't keep rallying on global supply worries. When it looks to the US and sees stocks are rising yet again it tends to calm things down slightly.
More Quotes from Deborah White:
We've gone from comfortable U. S. gasoline stocks to average and seem to be heading very clearly toward the low of the range. The market is worried about that.Deborah White
Maintenance seems to be extremely high and there are spec changes in the United States. It's not that there are absolute shortages of products, but there is a concern about how much there is going to be.
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
We've been rallying on the weather and on short-covering ahead of Thanksgiving in the States.
Deborah White
I think the market is taking this too calmly and we could see prices bouncing back any time.
Deborah White
It is not at all surprising that with the clumsy handling of the Yukos situation we started to see production falls last October. But now as things are getting back to normal we may see a production recovery back on track.
Deborah White
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