Stocks have a tendency toward a counter-seasonal rise in early January ... but the mild readings this time around make a further 2 to 3 million barrel build more likely than the 1.1 million barrel five-year average increase.
More Quotes from Tim Evans:
Really, we've had some focus (on oil) since mid-February, when both markets made a significant low, and both markets had a near retest of those lows on Wednesday. Oil is emerging as the focus for the gold market as a surrogate for general commodity inflation. Without that kind of commodity inflation, then gold becomes a less attractive investment.Tim Evans
This could be almost worse than Katrina because there are 4 million barrels of refining in Texas areas, much more than there was in New Orleans. (Texas) is the other major refining heart.
Tim Evans
I was looking for a rebound in imports as some of the activity along the Gulf Coast came back to normal.
Tim Evans
There still may be ample opportunity for price chopping off storm updates over the balance of the week, but the market is looking considerably more relaxed today.
Tim Evans
Africa has 2.3 workers per 1,000 people. The Americas have 24.8 per 1,000 people. If you are a doctor in Africa, you have 10 fold (more) diseases to deal with compared to your colleagues in other regions.
Tim Evans
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