The continuation of cool weather in the United States is expected to bring big spikes in heating fuel demand.
More Quotes from Tobin Gorey:
Iran and Nigeria are providing a double disruption to the crude oil market, emphasizing that the oil market remains in no condition to play a man or more short.Tobin Gorey
There's still money flying into the commodities markets in general. I think the market is still bullish.
Tobin Gorey
The U.S. inventory report should show that inventories, of crude and refined products, are comfortable for this time of the year.
Tobin Gorey
The worries of Iran won't go away any time soon, and in that sort of environment very few people are willing to be short on oil.
Tobin Gorey
I'm inclined to think it's not reached a peak yet. We're still faced with a tight supply-demand equation against the backdrop of strong economic growth, and there's still more money to come into the market.
Tobin Gorey
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