Mark Pervan
Mark Pervan
market strong taking
It had a pretty strong run, so the market is taking profits.
growth investing market players supply
Supply growth is not there, and the players in the market aren't investing in new supply.
conditions current deliver good held hostage market operating results tough
They've been held hostage to pretty tough operating conditions. You want to be able to deliver good results into current market conditions but they haven't been able to do that.
capital certainly expecting generous management market
The capital management was certainly on the cards, but the market wasn't expecting such a generous offer.
ahead market
The market would be positioning ahead of that deadline.
caused cautious damage filtering gulf hurricane information market oil
The market is still very cautious about the damage caused by Hurricane Rita, and they're just digesting new information filtering in about damage to oil rigs in the Gulf of Mexico,
assets closely companies market oil progress report seeing watching
The market is closely watching out for the report as a way of seeing the progress that oil companies and refiners are making in getting their assets back online,
becoming concerned full gasoline less market shows supplies towards
The market is becoming less concerned about gasoline supplies in the US. It shows the US refineries are getting towards full capacity.
market money strong wants
It's had such a strong run. There's a lot of short-term money in the market that probably wants to take a profit, like hedge funds.
report solid
Other than that, it was a solid report with no real surprises.
ahead bit crude healthy looking morning oil since situation stocks
We're looking at a bit of profit-taking this morning ahead of the U.S. crude oil stocks report. The market's probably got a little ahead of itself, since the U.S. crude situation is very healthy at the moment.
bit caution prices profit taking
There is probably a little bit of caution - we could see some profit taking - these prices look pretty heady.
drop larger report selling sentiment
We won't see much selling before the report comes out, as the sentiment is that there could be a larger drop than expected.
crude demand oil reflect starting steadily stronger
We're now starting to see that demand is steadily improving. There's going to be stronger demand for heating oil and crude futures are starting to reflect that.