Jason Schenker
Jason Schenker
health likely near overall
In the near term, the overall health of inventories is likely to be important.
continued economic growth huge inflation likely next week
Next week is a huge week for data, and it is likely to show continued economic growth and inflation well under control.
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Prices went a lot higher than most of us expected a year ago. The factors that caused prices to surge aren't likely to go away next year. The volatility of the market may even increase.
critical cut despite disruption energy event growth haunts likely next oil quite seems slower specter supply today unlikely
OPEC is likely to be a critical event next week. A cut in production, however, seems quite unlikely despite slower fourth-quarter U.S. GDP growth out today and a well-supplied market. The specter of oil supply disruption haunts energy markets.
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,
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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.
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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.
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.
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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.
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,
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.