Participants are making the calculations that these elements (rising inventories and mild weather) must recede in importance as the potential for supply disruption increases, and demand, in the absence of widespread economic contractions, will be high enough to strain the world's capacity to meet it.
More Quotes from John Kilduff:
The moderate weather is really helping push prices lower. As long as the oil keeps coming and demand languishes I see no reason for prices to rise.John Kilduff
Oil should move lower because of the build in product supplies and the rapid disappearance of winter-weather worries. The continued fall in natural gas should also help pull all energy contracts lower.
John Kilduff
There's conflicting weather models on that (approaching storm),
John Kilduff
We're on a hair trigger.
John Kilduff
We are looking at the resurgence of the security premium. The Iranian situation is worsening. The U. S. attack in Pakistan, and the likelihood of further trouble in Nigeria are horrible news for consumers.
John Kilduff
We will be keeping an eye on Nigeria, Iran and even Iraq. The Nigerian news failed to spark a rally today. We've become a bit jaded.
John Kilduff
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