Tim Evans
Tim Evans
crude desire hold lack limit material oil reflects start stocks sure trend
I'm not sure this is the start of a new trend in crude oil stocks and it probably reflects more of a desire on the part of refiners to limit the material they hold than it does a lack of supply,
crude decline drop further oil stocks surprised
I'm surprised by the drop in crude stocks and the further decline in crude oil imports,
april covering crude draw last oil short since surprise total trigger weekly
Crude oil may have been able to trigger short covering off the surprise 1.3 million-barrel draw from last week, but inventories are still at their second-highest weekly total since April 1999.
attractive becomes both commodity emerging focus general gold less lows markets near oil since surrogate
Really, we've had some focus (on oil) since mid-February, when both markets made a significant low, and both markets had a near retest of those lows on Wednesday. Oil is emerging as the focus for the gold market as a surrogate for general commodity inflation. Without that kind of commodity inflation, then gold becomes a less attractive investment.
airline building chances companies denigrate easily far interested investors margin oil richard succeeding superior tend themselves
The oil companies themselves aren't interested in building new refineries and will tend to denigrate the chances of any new investors actually succeeding in their business. They'll say, 'What does Richard Branson know about oil refineries?' He doesn't have to know about that part of the business, but he can easily see that oil refiners are making a margin far superior to what he's making in the airline business.
attempting clear crude market move oil
It is pretty clear they were attempting to move this oil into a crude oil market where there was already a surplus.
barrels french includes less looking next oil per talking timeline
If you're talking about a 400,000 barrels per day refinery next to a French Chateau in the Loire valley, the timeline is infinite. If you're looking at an industrialized part that already includes an oil refinery, it's much less of a big deal.
drained market means oil petroleum short strategic
In the short run, it means more oil drained from the market into the Strategic Petroleum Reserve.
brought gas natural oil trends warming
Heating oil and natural gas are...faced with significant warming trends that have brought an abrupt end to the heating season.
data morning quite trouble
It's having trouble getting out of its own way. Fundamentally, the CPI data from this morning was really quite mixed.
inside
This is really just some short-term consolidation. We are inside of yesterday's range.
blows calming cycles data gulf hurricane last rita week
There may be more cycles of hyperventilation yet to come as Hurricane Rita blows through the Gulf of Mexico, but the DOE data for last week was a calming influence.
although boost chilly current expected helped northeast
Current chilly temperatures in the Northeast U.S. also helped boost prices, although these are not expected to last.
cash move profits rush
Really, it's just a rush to cash in profits on what was really a spectacular move higher.