Lower withdrawals than most estimates -- at 20 billion cubic feet -- are bearish for gas, but the concern about the Nigerian supply of crude and the reaction to the Iranian situation could result in crude giving gas some support.
More Quotes from James Williams:
The strong build in gasoline coupled by the fact that every major product has inventories above the high end of their average range for this time of year will add to the recent bearish sentiment.James Williams
It was just an outstanding day for our golfers. Everybody -- from top to bottom -- contributed their best golf of the year, Boys and girls.
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Natural gas in storage remains very high for this time of year and the most recent production numbers indicate that, had it not been for the hurricane production, would have been much higher in 2005 than 2004.
James Williams
Silver will be tough. We will have to play well on our home course, because Silver has the capability of beating us. They are a good golf team.
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The inventory gains were on the high side of expectations and all of the fundamentals point to lower prices as crude stocks, as well as all the major petroleum products, are well above the high end of the normal range.
James Williams
The last time this happened was in the spring of 2004 when a number of areas in New England switched to an ethanol blend.
James Williams
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