Jason Schenker
Jason Schenker
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.
caused expected factors higher likely market next prices volatility year
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.
announced beginning decision exert impact next somewhat statements week
OPEC's statements and quota decision announced at the beginning of next week could exert a somewhat bearish impact on prices.
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.
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.
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.
apply continues decline downward imports iranian manifest next notion petroleum prices relatively remains rise situation week
If the rise in imports and utilization manifest this week continues next week, it could apply some downward pressure. Of course, any decline in petroleum prices would be predicated on the notion that the Iranian geopolitical situation remains relatively quiet.
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,