Jason Schenker
Jason Schenker
both dispute high led prices pricing quite reaches resolution risk sides table
The saber-rattling on both sides of the table has led to some pricing in of risk, but it's quite conceivable we could see prices go back to $60, even the high $50s, if this dispute reaches a resolution or even a stalemate.
energy exposed fear gasoline lines price soft ubiquitous
Near-term energy price spikes, ubiquitous gasoline lines and fear of shortages have exposed the soft underbelly of the U.S. energy complex,
bounce commodity elevated energy fell half last likely march oil prices somewhat
Oil prices fell through the first half of last month, but commodity prices are still somewhat elevated and we're likely to see energy bounce back in the March report.
core increase inflation january percent rate since
The month-over-month increase at 0.4 percent was the swiftest rate since January 2005. The implication is that core inflation may be rising.
behavior changing consumer despite energy high hold relatively spending
Despite high energy prices, consumer spending will hold up relatively well. Consumer behavior is not changing a lot.
call establish likely
The call to establish more refineries is likely to be sounded again.
likely prices
At this point, at these prices we're not likely to see a cut. Politically that is not feasible.
drop leading situation supply
This is a situation where you've got a lot of supply on hand, leading to a drop in prices.
certainly data earnings market piece points report retail sales solid stock weeks
The retail sales report was the most significant piece of data we had in weeks and that certainly had the stock market going. It points to a solid first quarter, with earnings growth.
decide market month outcome possible stock takes worst
The worst possible outcome for the stock market is that it takes a month to decide the election,
average couple higher last likely moving prices saw toward volatile weeks year
A couple of weeks ago we saw prices were moving toward $70 again. This is a very volatile marketplace but I think on the whole we are likely to see the average price this year higher than last year.
crude oil pressure
mitigated some of the upward pressure on crude oil prices.
changing closer ivan moved production storm trajectory
The trajectory of the storm is changing and been moved closer to production but it is still no Ivan at this point.
drop iranian low prices reach
If we were able to reach a 'comfortable unease' on the Iranian situation, I think we'd see prices drop into the low $50s.