Bruce Evers
Bruce Evers
cold europe mild northern quite
It is very cold in Europe. The US is still quite mild but northern Europe is very cold.
bubble continues control cut fears further iranian last lost market near oil pay production situation underneath unlikely whatever
It's still fears over further disruptions in Nigeria, and the Iranian situation continues to bubble underneath the surface. Whatever OPEC says, the market is unlikely to pay much attention. They lost control of the market last year, and to cut production with oil near $70 would be irresponsible.
buy couple dips expect last meaningful people seen
I don't expect it will come down very much further. What we've seen over the last couple of years is if there's any meaningful sell-off, people buy the dips aggressively.
absolutely concerned crude gasoline less market move oil supply worried yesterday
There is ample crude around. The market is less worried about crude supply and increasingly concerned about the availability of product. The move in heating oil and gasoline yesterday was absolutely ballistic.