Jason Schenker
Jason Schenker
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.
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 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.
disruption few nigerian past physical prices supply
The tangible, physical disruption of Nigerian supply has propped up prices over the past few weeks.
disruption issue number physical premium supply
The supply disruption premium has overwhelmed fundamental physical supply in the marketplace as issue number one.
drop leading situation supply
This is a situation where you've got a lot of supply on hand, leading to a drop in prices.
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.
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.
actual draws expected large numbers regardless seeing
Regardless of how large the draws are expected to be, especially in gasoline, seeing the actual numbers will be a shock.
crude easily hit
I think it is easily conceivable that we could see crude futures hit $70 this week.
background concern decline economic growth report supplies supporting
Supplies are pretty lush. Once this report is digested we should see a big decline in prices. The geopolitical concern and economic growth are still there in the background supporting prices.
banks financial gives help opportunity others rates report rising strong
Such a strong report by a financial institution has to help others in the same sector. Rates have been rising but gradually, which gives some banks opportunity to adjust.
affect caught markets trade
Markets were caught off-guard by a blow-out trade deficit, ... This could affect growth.
decades impact minimal truth
Truth be told, by the government's own study, this would have a minimal impact on price, decades in the future.