The market is just breaking down a bit after rallying in the middle of the week.
More Quotes from Tom Bentz:
I don't know if there's any chance we can stay stable for any long period of time. There are too many issues in the market.Tom Bentz
The rally just ran out of steam. We are going to have to see some sustained cold weather to reduce these inventories.
Tom Bentz
There's already plenty of crude in the market. Adding more crude to a market that already has plenty of crude doesn't make much of a difference.
Tom Bentz
The market got way ahead of itself and we're now moving to a price that's in line with the fundamentals. The only question is how much farther we have to go.
Tom Bentz
There is a long list of production and refineries out because of the hurricane. The course is similar to what we saw with Ivan last year, which hit production for a long time.
Tom Bentz
I hate to use the word crisis, but there is certainly potential for real supply tightness,
Tom Bentz
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