Wilma weakened a little bit and the path has it heading in a direction that won't impact oil production.
More Quotes from Kyle Cooper:
People have been more concerned about products than crude.Kyle Cooper
Crude hasn't been responding to fundamentals all year. I think crude has been 8 to 10 overvalued for some time and has been responding to the fear of what could happen rather than the reality of what is happening.
Kyle Cooper
U.S. weather remains bearish for the next two weeks. It would certainly seem that at some point some cold weather would enter the major population centers of the lower 48 states, for Mother Nature remains neither bullish nor bearish forever.
Kyle Cooper
Mother Nature is going to be huge in the next several weeks. Long term I think we're headed to 30 to 35, but I don't think we're doing that yet. We have a lot of winter left.
Kyle Cooper
The market continues to move higher with concern now mainly focused on Nigeria.
Kyle Cooper
Two weeks ago heating oil was rising on concern that consumers would switch to distillate because of high natural gas prices now that's out the window. It's incredible to see natural-gas supplies rise in December.
Kyle Cooper
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