The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season. Heating oil is ascendant right now, while interest in gasoline wanes.
More Quotes from Marshall Steeves:
Gasoline demand is low enough and imports high enough to have another stock build.Marshall Steeves
After Hurricane Ivan, it took several weeks to know the full extent of the damage to seabed pipelines. Some people are quite worried that this time could be worse because of the strength of Katrina.
Marshall Steeves
The news that Saddam's sons may have been killed gave traders a feeling that things would be a little bit more settled in that nation,
Marshall Steeves
Inventory levels remain well above average and near-term supplies are not a problem, so the recent rally will be difficult to sustain.
Marshall Steeves
The gasoline data is bullish and right now gasoline futures are showing the highest gains. We'll see if that leads the market,
Marshall Steeves
It's positioning before the EIA survey, where most people are expecting a build, especially on the product side,
Marshall Steeves
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Based on Keywords: ascendant, wanesIf you look over the course of a hundred years, I think the gradual erosion of the consensus that's held our country together is probably more serious than a few bearded terrorists who fly into buildings.
Pat Robertson
I never show anything to anybody until I've finished it.
Irwin Shaw
But the way people commonly use the word nowadays it means something all of whose parts are mutually interdependent - not only for their mutual action, but for their meaning and for their existence.
David Bohm