Famous Quotes & Sayings

Declines in currency and crude oil prices spurred the rebound today. They are risk factors for exporters all the time.

Developing renewable energy is of greater importance given the price of crude oil on the international market has doubled since last year,

There's been a lot of damage to refineries in the region and that's the main concern. You can have as much crude as you want on hand but if you've got no way of turning it into product you do have a problem.

A supply disruption in the Middle East would increase the price of crude everywhere in the world no matter where or how it is produced.

Also refinery utilization was lower, which was also unexpected. It means that refineries are not using as much crude, so as a consequence of that we got a larger-then-expected crude build.

It's all supply and demand. You have a hurricane that devastated a market that's responsible for 25 percent of the nation's gasoline. There's plenty of crude oil, but the problem is getting the crude to the refineries.

The report was a big surprise. Crude oil seems very ample.

This is fraud. It is a crude violation of an election promise.

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.

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,

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.

The risk premium for crude oil just went up.

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.