Even though the forecasts are turning colder, traders are already thinking about spring. The market is saying we think the winter is pretty much over given the supplies that we have.
More Quotes from Phil Flynn:
So far the cooler weather hasn't put more pressure on the supply, but a hot scorching summer could definitely push prices higher.Phil Flynn
This time it will be harder if we take another hit, and the market is accurately reflecting those fears,
Phil Flynn
This year the squirrel isn't burying any nuts and we're going into the winter on fumes. Unless something dramatic happens, we're looking at a very expensive winter.
Phil Flynn
We seemed to see some flight-to-quality buying in the bonds and gold, which seems to indicate traders' uneasiness with the (Iran) situation.
Phil Flynn
The big amount of crude is giving the market a little bit of comfort. Overall, I think we're going to see a very bullish year for oil.
Phil Flynn
We still have had a pretty good correction from the peak. It shows that there's a lot of confidence in the oil industry and the economy.
Phil Flynn
Readers Who Like This Quotation Also Like:
Based on Topics: Spring Quotes, Winter QuotesI loved that these two guys argued with each other as if movies actually mattered. Nobody I knew talked about movies that way, but Siskel and Ebert took each movie as it came and talked about whether it was a success on its own terms.
Sarah Vowell
We always keep God waiting while we admit more importunate suitors.
Malcolm De Chazal
Americans are a decade behind Canada when it comes to sex education and understanding their bodies.
Sue Johanson