The market is reacting to new threats out of Nigeria and some strike rumors in Europe. But for this time of the year, this is nothing new. As we approach the summer driving season we tend to play out the worst case scenarios in our heads.
More Quotes from Phil Flynn:
Gasoline demand, while down from pre-Katrina levels, continues to improve.Phil Flynn
Forecasts for mild weather have brought the market down and with the holidays ahead, the market will move along the path of least resistance here.
Phil Flynn
The inability to follow through yesterday and break through 58 makes it likely that we are close to the bottom.
Phil Flynn
We can't get too comfortable about inventory levels because of the geopolitical situation. Demand is growing, which leaves us vulnerable to a disruption. If we lose output from a major source these ample inventories will soon be history.
Phil Flynn
The oil market is taking the threat seriously as Iran may have gone down the path that leads to the point of no return.
Phil Flynn
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Based on Topics: Summer QuotesTo write is to write is to write is to write is to write is to write is to write is to write.
Gertrude Stein
I'm what you call a Depression sailor.
Ernest Borgnine
The most perfect expression of human behavior is a string quartet.
Jeffrey Tate