Jason Schenker
Jason Schenker
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.
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.
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.
average couple higher last likely moving prices saw toward volatile weeks year
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.
allow drop slight typical week
It is typical to see a slight drop in utilization in the first week of the year. This slight drop, coupled with imports, could allow for a slight crude-inventory build.
certainly data earnings market piece points report retail sales solid stock weeks
The retail sales report was the most significant piece of data we had in weeks and that certainly had the stock market going. It points to a solid first quarter, with earnings growth.
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.
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.
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.
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.