Famous Quotes & Sayings

There's still crude out there that can make up for any loss in production.

There's actually a year over year decline in crude prices.

Crude supply is no longer an issue. We have plenty of it. However, that crude number is being countered to some extent by the large decline in gasoline stocks.

Crude stocks were broadly in-line, but distillate and gasoline were better than expected, but that was not a surprise given the incredibly mild weather recently in the States.

Michael Ward

Crude oil supplies are low and demand has been increasing, ... It's been mainly a supply issue that's making prices higher.

Crude oil prices have been working their way through to the pump, and gasoline demand growth in June -- over June 2004 -- fueled the price hikes,

Crude oil prices are being driven by fear and speculation. The price (of gasoline) is a minimum of a dollar a gallon too high.

Crude oil is the least of our worries. There is ample supply in storage and the government will tap the SPR, because this is what it is there for. They released supply last year when Hurricane Ivan struck the region.

Crude oil is approaching all-time highs here. That should support natural gas. I don't think natural gas is going to go lower with crude oil trading near its all-time highs.

Crude oil inventories increased once more, improving oil availability further. Another important factor is that above-normal temperatures in the U.S. seem to curb heating oil consumption.

Crude oil has had a big part in supporting the natural-gas market.

Crude oil and petroleum product inventories are robust. The numbers suggest that fears that gasoline supplies would fall through the floor as refineries performed maintenance were exaggerated. Some of the funds may be selling as they re-evaluate the value of futures as an investment.

Crude is still flooding in despite supply disruptions.

Crude is down, but it's still much higher than it was last year, the same with natural gas. When investors see their October statements, they're not going to be too thrilled and that's not good for November.

Crude inventories remain sturdy, despite today's unexpected drop.

Kyle Cooper

Crude hasn't been responding to fundamentals all year. I think crude has been $8 to $10 overvalued for some time and has been responding to the fear of what could happen rather than the reality of what is happening.

Crude futures are down as investors see the storm going in a less economically vulnerable area, and that's what has got the market rallying.

George Bernard Shaw

Crude classifications and false generalizations are the curse of organized life.

Bill Richardson

Crude and heating oil inventories remain alarmingly, stubbornly low,

John Roberts

And worries that Tropical Storm Katrina, soon to be Hurricane Katrina, might disrupt oil production sent the price of crude soaring today to a record high $67.32 a barrel.

When crude is at new highs like this, that makes people nervous and gives them a reason to sell.

We are going to have bearish statistics on crude oil when the report is released today. Oil probably rose too much yesterday.

We are trying to keep the slot open for Mexican crude oil. It's the closest.

What that says is that even though crude oil prices are at near-record highs, gasoline prices are much higher than the crude oil prices would dictate.

We might see some reflection on crude prices as well as gasoline prices going forward, but not by much. I hope that people do not have high hopes for much lower crude prices or gasoline prices, because that is not in the cards.

What's happening is fundamentally that the world oil market is extremely tight and crude prices are rising, partly because demand is outstripping supply and partly because of the geopolitical pressures that we're reading about every day in the papers.

There's not really much problem about crude oil supply. It's all about the lack of products.

There's not enough natural gas to substitute for heating oil. So this will help support crude oil prices. What we need is not (crude) oil but heating oil and natural gas. Unfortunately, there's no strategic reserves for them.

There's not a whole lot of movement in the market today. I think the crude market will watch for the two meetings this week.

We used quite crude tools earlier, but now they have to be more sensitive. There will be no micromanaging of the economy.

This supports our view that crude prices will soften as we move through the summer months.

There is no problem with crude supply. Prices do not depend exclusively on OPEC,

Until the uncertainty regarding crude oil prices can be stabilized, it's hard to see the market going anywhere.