The ISM service survey joins a number of economic indicators that have shown robust economic resilience in the wake of Katrina and Rita,
More Quotes from Jason Schenker:
You've got (U.S.) supplies coming from a lot of places more imports, more refinery capacity and more production from the Gulf of Mexico, and that's pulling down prices in the short term.Jason Schenker
It is typical to see a slight drop in utilization in the first week of the year. This slight drop, coupled with imports, could allow for a slight crude-inventory build.
Jason Schenker
The most disconcerting part of the PPI report today was the rate of final core producer price pressures in January.
Jason Schenker
Massive inventory declines in crude oil are part of a three-month trend, heating oil prices continue their relentless rise, and the supply disruption premium is in full effect. This may only be the beginning the winter oil bull run has begun.
Jason Schenker
One of the biggest hurricanes ever is headed for the heart of America's refining capacity. Prices will hit new records if we get reports of flooding and other destruction once the storm passes.
Jason Schenker
After a couple of months of overestimating, we redid our modeling. We hope this more accurately captures what's going on in the market place.
Jason Schenker
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