Mark Pervan
Mark Pervan
strength surprised upside
The market, again, has been completely surprised on the upside - it completely underestimated the strength of the market.
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.
report solid
Other than that, it was a solid report with no real surprises.
gasoline increase partly release reserves strategic supplies
The increase in gasoline supplies could partly be just the release of U.S. strategic reserves being accounted for now.
crude drop fueled larger oil
The drop in crude oil was larger than expected, and that fueled buying.
buyers coming iran situation
The Iran situation is not going to go away so I see buyers coming in at the dip.
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.
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.
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.