Jan Stuart Quotes (10 Quotes)

Data are slow to arrive, as is normal at this time on the calendar, but already it is clear that this year is not off to a flying start in terms of demand growth. Inventories are high in many places as well.

There is new money coming into oil trading in the number of open-interest contracts, but this is not necessarily a sign of speculation,

We were up on heating oil in the morning, but ended the day down closer to the levels some would expect given the data (on crude supplies),

It's an important shot across the bow of oil markets because it signals the administration is willing to intervene in the market. The volumes are small but 75 a barrel seems to have triggered a sensitive point.

Gasoline demand, I think, is the single most bullish number in the entire (EIA) report,

OPEC ministers meeting in Vienna on Wednesday should have an easy time deciding to leave well enough alone, while emphasizing worries and vigilance and setting another meeting date.

It's patently obvious that the Saudis, as the world's largest producer, could lead prices lower by offering lower prices,

(The group) is trying to calm the market.

The big wild card this year is that there's little to no room for anything to go wrong. And certainly nothing like a refinery blowing up or a hurricane hitting the coast.

There has been a rising floor underneath oil prices, ... Last year we were worried about 40 a barrel oil, and now 60 a barrel is the worry.