There's a lot of investment money searching for a home. Investors are buying the argument that it's an emerging asset class and we've been seeing that with a vengeance in January.
More Quotes from Mike Wittner:
As far as making a big bet on the weather, even if you're bearish it's still too early to go short in a big way.Mike Wittner
The markets have been reacting to news on Iran, but the physical oil markets have been fairly relaxed so I'm not surprised to have seen them fall.
Mike Wittner
In the near term, the markets will continue to strengthen and weaken with the weather, and crude and product prices will be range-bound.
Mike Wittner
It appears increasingly likely that we will need colder-than-normal temperatures in order for heating oil and gas oil to perform this winter and lead crude up,
Mike Wittner
The market has three drivers right now distillate stocks (including heating oil), demand growth and the weather, ... Stocks are moderately bearish, demand is neutral and the calendar itself is moderately bullish, assuming a normal winter.
Mike Wittner
But markets are not really surprised. UK oil production has been declining for several years.
Mike Wittner
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Based on Topics: Arguments Quotes, Home Quotes, Investment Quotes, Revenge & Vengeance QuotesWhen hope is not pinned wriggling onto a shiny image or expectation, it sometimes floats forth and opens.
Anne Lamott
I'm Liberace without a piano.
Paul Lynde
The Edge... there is no honest way to explain it because the only people who really know where it is are the ones who have gone over.
Hunter S. Thompson