Famous Quotes & Sayings

Sentiment for gold is improving but the outlook largely depends on the fate of crude oil prices.

mitigated some of the upward pressure on crude oil prices.

Natural gas pricing is an immediate telltale sign of the winter situation: it is fairly mild, and this is likely to impact heating oil and crude demand as well.

Ben Bernanke

Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.

Given the crude price hikes, pump prices should top $3 a gallon in the next week or so.

Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.

From a purely fundamental basis, the market shouldn't be within $20 of the crude price that we're seeing. But people are reluctant to sell.

Fuel prices have become particularly unstable in the past few weeks. Worries about the security of crude oil supplies are pushing prices up while growing domestic inventories of domestic crude oil and refined products are pushing prices down.

Dominic West

I'm a rather crude cook.

The price of crude oil is a big reason pump prices are in record high territory.

The price of crude is up, and now demand is up.

The price of crude has nothing to do with U.S. mergers.

One of the recent themes has been the falling dollar, higher materials and commodities. If that is reversing, you could see a rotation out of materials and commodities. At the same time, oils are getting hit by falling crude prices.

If we had a wide-scale and prolonged freeze, we could have big stock draws and price spikes. There isn't any shortage of crude in the market, the problem is getting it refined into heating oil and gasoline.

Short term events like this which are unpredictable can drive a high price floor for crude prices. That is why we are seeing pricing in the high 50s even though the market is well supplied.

Since many refineries deferred their maintenance work after the hurricanes, we expect this year's turnaround season to be particularly heavy. As a result, crude oil consumption by refiners should decrease, which could over the next weeks lead to falling oil prices.

James Williams

If this Russia/Ukraine problem reduces natural gas to Europe there will be some fuel switching there. Higher demand in could Europe drive up crude prices worldwide.

The only reason we got a little rally was when crude declined.

traders switched focus from a fall in crude inventories to a general surplus of oil and signs of falling demand.

We probably are OK (with gasoline supplies) to get to Labor Day, but the question is how much is demand going to fall off (after the holiday) and what's crude going to do and how does that impact the gasoline price.

If smart technology can transform 3-D from a crude novelty to a genuine visual enhancement, why shouldn't a sophisticated odor synthesizer follow a similar path?

Shoichi Nakagawa

We are not planning to release any government-controlled crude oil stocks at this time,

To me, this looks like continuation of crude oil escaping the gravity of reality.

The refinery outages should lead to weak demand for crude oil from the refining sector. It's not crude oil that is in short supply, but gasoline and distillates.

Thurston Moore

With these reissues, listening to these tapes, it seemed very crude to me. There's no way I'd ever want to play like that again.

Daniel Yergin

We have high crude prices. We have low inventories. We have strong demand. All of that would be a recipe for a taut market even with refineries (running at full capacity).

James Williams

Katrina has already had twice the price impact of Ivan on crude oil.

I think it is easily conceivable that we could see crude futures hit $70 this week.

Vagit Alekperov

Today, crude oil is sold at the price of the Urals brand, and in terms of quality we have been losing big money. Given the oil directly reaches the final buyer, all that money will stay in Russia.

Having more or less traveled together, refined products and crude have become disconnected in recent weeks.

I think the price of crude is still dominating the minds of investors.

We may see prices even higher because of the hurricane. I don't think we've seen the end of record crude prices.

Greenspan said that the U.S. economy had showed resilience despite soaring global crude prices, suggesting that the tolerance level of the U.S economy is much higher.