Jason Schenker
Jason Schenker
bull continue crude declines disruption full inventory massive oil premium prices relentless run supply winter
Massive inventory declines in crude oil are part of a three-month trend, heating oil prices continue their relentless rise, and the supply disruption premium is in full effect. This may only be the beginning; the winter oil bull run has begun.
crude further nuclear price push situation
A further deterioration of the situation in Nigeria, or escalation of nuclear brinkmanship with the Iranians, could push the (New York) price of crude further to 70 dollars.
bringing combined crude drag energy hit low prices shares stock today took volatility
Energy shares took a hit today as crude prices eased. The drag in energy shares, combined with end-of-year low volume, is bringing volatility to the stock markets.
crude easily hit
I think it is easily conceivable that we could see crude futures hit $70 this week.
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.
crude oil pressure
mitigated some of the upward pressure on crude oil prices.
economic katrina number resilience robust service shown survey wake
The ISM service survey joins a number of economic indicators that have shown robust economic resilience in the wake of Katrina and Rita,
health likely near overall
In the near term, the overall health of inventories is likely to be important.
held prices worries
Prices are being held up by worries about gasoline.
above justify prices production remain tough
If prices remain above 60 dollars, it will be tough for OPEC to justify a production cut.
companies oil profit stand
The companies stand to do some profit because the oil is already there. All they have to do is take it off the ground.
employment ill
The employment index, however, declined. This could bode ill for October's payrolls.
anticipate bubble homes
If there were a lot of homes in inventory, we could anticipate a bubble bursting, but there isn't,
consuming countries energy moving power shocks supply
Geopolitical power is moving from energy consuming countries to the producers. We may see more of these supply shocks in the years ahead.