The market is consolidating a little bit, but after closing just below 60 multiple times somebody will come in and sell it hard. I think we're going down to about 55-56 in the long term.
More Quotes from Mark Waggoner:
Supplies really aren't a problem. Consumption over the holidays is usually a little higher than normal but production has been keeping up.Mark Waggoner
Imports are up as well as refinery runs. The hurricane season is, cross your fingers, almost over. I expect 56.00 by the end of next week.
Mark Waggoner
Imports are coming in pretty much as fast as they can. Even if it takes a while to get production back, it's really not an issue.
Mark Waggoner
The fact that people were actually talking about nuclear- bunker busting for the first time is what scared people. This is going to drag on for months and months and months.
Mark Waggoner
People are talking about a cold winter but so far we haven't had the below-normal temperatures and people do not want to fill up their tanks at these prices.
Mark Waggoner
Oil supplies are in pretty good shape. Crude oil should be a lot lower than it is. Supplies are building.
Mark Waggoner
Readers Who Like This Quotation Also Like:
Fill you mind with the meaningless stimuli of a world preoccupied with meaningless things, and it will not be easy to feel peace in your heart.Marianne Williamson
For some years I deserted religion in favour of Marxism. The republic of goodness seemed more attainable than the Kingdom of God.
Lionel Blue
I'd say the most memorable thing for me was my dedication and motivation in how I got so involved in boxing.
Alexis Arguello