Jason Schenker
Jason Schenker
disruption issue number physical premium supply
The supply disruption premium has overwhelmed fundamental physical supply in the marketplace as issue number one.
declining employment orders performed prices sector service
The service sector performed well, with new orders rising, prices declining and employment inching up.
downward fades headlines iranian moves oil price prices several situation
You could still see some downward price moves if the Iranian situation just fades from view. If it fades from the headlines you could see oil prices move down several dollars.
crude easily hit
I think it is easily conceivable that we could see crude futures hit $70 this week.
aircraft defense sky
The sky isn't falling, just new non-defense aircraft orders.
bear persist
If the inversion is to persist or deepen, then it may be interpreted as a real bear sign.
energy gone prices report since transitory
I don't think the energy prices that have only gone up since this report are some transitory aberration,
energy fears fed hikes increases likely price prove transitory
If energy price increases do not prove to be a transitory blip, inflationary fears are likely to increase and Fed hikes are likely to continue,
correction further headlines likely move prices seems
A correction seems likely if we don't see a further intensifying of the geopolitical crisis. There will have to be further headlines for prices to move higher.
due energy following higher last next risk suit upside week
After the PPI bounced last week due to higher energy costs, there is a big risk of the CPI following suit next week. There is significant upside risk there.
background both early iran march situation stay until
The Iran situation will stay in the background until early March when both the IAEA and OPEC meet.
consumer cut hit national pump
On a national average, we could hit $3.25 at the pump easily, potentially even by this weekend, ... This is going to cut into consumer demand.
people shoe waiting
People are waiting for the shoe to drop. Which shoe it is doesn't matter. They just want it to be done.
crude decision fall given guarantees iranian next oil poised statements supply
Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.