Capping the upside is the fact that inventories have not drawn much despite the cold weather we have had thus far and therefore are not unsettling the markets much.
More Quotes from Ed Meir:
The dispute with Iran has moved towards a new chapter, one fraught with unpredictable consequences for the energy markets.Ed Meir
The weaker tone continues today, as in addition to bearish US inventory data, a slight warming trend is contributing to more brazen selling.
Ed Meir
The specter of progressively higher inventories is blunting the impact of geopolitical tensions, making it harder for the market to climb.
Ed Meir
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