When prices are at these heights you need fresh worrisome news to keep us moving higher. Crude inventories are swelling globally. We'll be paying attention to gasoline because there is a question about supplies as summer approaches.
More Quotes from John Kilduff:
There was a late wave a selling at the end of the day.John Kilduff
Natural gas is the one commodity here that I have very little to say about in the way of good news.
John Kilduff
The IEA report reminds us that there could be a supply problem in the fourth quarter. Storm damage and the chemical workers strike in France are going to hurt supply. Given the levels we have fallen from, prices are beginning to look like a bargain.
John Kilduff
Apparently, the immediacy of a surplus trumps geopolitics, for a day or two anyway. The next two days will focus on stockpiles and moderating weather, then, as the weekend approaches, the focus will widen again to the world.
John Kilduff
It has taken a lot of worry out of the forward looking supply situation.
John Kilduff
Iraq is slipping further towards civil war.
John Kilduff
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