Joseph Allman
Joseph Allman
attack crude gained giving hold iraq large last led market media week
Crude gained a lot last week and we are giving some of that back. The U.S. led a large attack in Iraq last week, one that wasn't unprecedented, but the media got a hold of it and the market reacted.
concerns market might oil supplies thinks
Oil is being propped up by all the concerns that supplies will be interrupted. As long as the market thinks it's possible, we might see some more increases.
below country fall increase later output parts year
We still have a refining issue. Refineries in other parts of the country have been able to increase output but they will have to go down later this year for maintenance. Refinery output will then fall below normal.
gas natural surplus
We have a surplus of natural gas in inventories.