Jim Steel
Jim Steel
affect chance prices production remain slight storm strong
Prices will remain strong as long as there is even a slight chance that the storm will affect production in the Gulf.
adequate both concern crude eye keeping nigeria oil physical political situation supply
There's adequate supply of both crude oil and products. We are keeping an eye on the festering situation in Nigeria and concern about Iran. The physical availability is outweighing the political concern today.
demand examining fall gasoline good increased led oil prices seems shift time worries
There's a pre-season shift to examining gasoline because heating oil worries have subsided. Demand is pretty good for this time of year. The fall in prices seems to have led to increased consumption.
cold inventory numbers prices send supportive weather
We're down because the inventory numbers weren't particularly supportive and above-normal temperatures are in the forecast. You need cold weather to send prices higher.