The weather has become increasingly mild and the forecasts are for now much above normal, for example 17 (degrees Celsius) in Los Angeles -- this is extremely warm for the end of December.
More Quotes from 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
We have been getting a massive injection (of investment fund money) in the energy markets. It is very clear from the price action that they haven't stopped.
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 is not unusual to lose Nigerian supplies but headlines of armed men attacking facilities explains this little rally.
Deborah White
OPEC has been extremely accommodative in its policy in the last one and a half years.
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
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