Deborah White
Deborah White
arabia crude economic oil prices reason strong
Other than the weather, and hurricanes, and refineries going down, and Saudi Arabia and Iran, and strong economic statistics, there really is no reason why crude oil prices should be so high. It must be speculation, don't you think?
china factor oil seeing stress
If we are seeing China back to growth, that is another stress factor back in the oil market.
buying days headline known loan market oil people possibly realized release
Most of us had known days ago that the U.S. would loan oil but some people interpreted the headline as a release of oil, possibly of products. Then the market realized and started buying it back.
alone china demand exploding fire floor last lit market notices oil prices remembers sufficient
When the oil market notices that China is back, and remembers the fire that China's exploding oil demand lit under prices last year, the 'China factor' alone should be sufficient to floor near-term prices.
facilities moment offshore oil patch production takes track
The storm's track at the moment takes it through a different patch of the offshore oil production facilities to Katrina,
copper notice oil rallying time
We notice oil has been rallying at the same time as copper and gold. That we think has to do with the funds.
barrel less market oil reacting today
The market is reacting today as if oil at less than $74 a barrel is a bargain.
break clear
It is pretty clear that we can break $70 without too much problem.
armed attacking explains facilities headlines lose men nigerian supplies unusual
It is not unusual to lose Nigerian supplies but headlines of armed men attacking facilities explains this little rally.
extremely half last policy
OPEC has been extremely accommodative in its policy in the last one and a half years.
adding build gas general last natural supplies week
We had a much lower-than-expected build in natural gas supplies in the U.S. last week and this is also adding to general nervousness.
capacity hard last practical pushing runners running since
Refiners are exhausted, like runners in mid-marathon. They've been pushing very hard since last year. As a practical matter, these things have limits. If you push too hard, capacity drops.
across basket coming continue fund
We continue to see fund action. They are coming in across the basket of commodities.
caused coast hit hurricane ivan last louisiana reminds season utter
The approaching hurricane season reminds us of the utter devastation that Hurricane Ivan caused when it hit the Louisiana coast last year.