Such a strong report by a financial institution has to help others in the same sector. Rates have been rising but gradually, which gives some banks opportunity to adjust.
More Quotes from Jason Schenker:
There is no strategic government reserve of natural gas or refined products, and right now the biggest concerns in the marketplace are for products.Jason Schenker
Whether we hit it today or next week, I don't really think hitting 50 is going to give us a downturn.
Jason Schenker
OPEC's statements and quota decision announced at the beginning of next week could exert a somewhat bearish impact on prices.
Jason Schenker
The month-over-month increase at 0.4 percent was the swiftest rate since January 2005. The implication is that core inflation may be rising.
Jason Schenker
Truth be told, by the government's own study, this would have a minimal impact on price, decades in the future.
Jason Schenker
I totally expect to see 50 a barrel, at least in a spike to that level, at some point in the near future. We've been in an upward trend for several years, and I really don't see any indication of a reversal of that trend. 50 a barrel is a completely rational expectation.
Jason Schenker
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