Jim Steel Quotes (6 Quotes)

We're down because the inventory numbers weren't particularly supportive and above-normal temperatures are in the forecast. You need cold weather to send prices higher.

These inventory numbers are incredibly bearish and under other circumstances would send prices substantially lower. Chirac's statement about using nuclear weapons against terrorist attacks is increasing the pressure and is probably pointed at Iran.

There's adequate supply of both crude oil and products. We are keeping an eye on the festering situation in Nigeria and concern about Iran. The physical availability is outweighing the political concern today.

At some point, we'd love to get all our games on TV.

There's a pre-season shift to examining gasoline because heating oil worries have subsided. Demand is pretty good for this time of year. The fall in prices seems to have led to increased consumption.

We've had a tug of war between fundamentals and geopolitical worries. It doesn't look like Iran will take any action soon, so the attention of the market is tilting to the inventories. There's a surfeit of oil available on the world market.