Jason Schenker
Jason Schenker
decline demand eventually gain increased weigh
The gain in distillate was unexpectedly large, which should eventually weigh on the market. Distillate increased because a decline in demand coincided with an increase in imports.
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,
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.
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.
accurately captures couple hope market months
After a couple of months of overestimating, we redid our modeling. We hope this more accurately captures what's going on in the market place.
sector seems solid
The manufacturing sector seems to be on a very solid footing.
disruption few nigerian past physical prices supply
The tangible, physical disruption of Nigerian supply has propped up prices over the past few weeks.