Jim Ritterbusch
Jim Ritterbusch
currently market rightly sign support underneath viewed
They didn't do anything, and the market viewed that as bearish and rightly so. There's currently no sign of support underneath this market.
currently market rightly sign support underneath viewed
They didn't do anything, and the market viewed that as bearish and rightly so, ... There's currently no sign of support underneath this market.
numbers rally slow
The numbers didn't do much to slow the rally down,
capacity close iraqi looks pace
That's pretty close to a capacity pace in imports. It looks like the Saudis are more than offsetting the Iraqi loss.
affect concern deficit gasoline heavy quarter schedule seeing small
We are seeing a small deficit in gasoline supplies, and there is some concern that the heavy refinery maintenance schedule set for the end of the quarter is going to affect supplies.
funds moved seeing side sure surprise
What we're seeing now is that some funds had moved to the side making sure there wasn't a bearish surprise and now they are rotating back into the long side,
consumer driving eating focus gasoline high prices
High prices are eating into consumer demand, and the focus is on gasoline because of the upcoming driving season.
crude large myriad news prices products pushed supported
By and large you had this myriad of refinery news which supported the products and pushed crude prices up.
draw gasoline market report slight though
This report is completely overshadowed by the storm. We did see a draw in gasoline stocks, and even though it's slight it isn't what this market needed,
flowing funds strength
The real strength is from institutional funds flowing into the market.
balance complex energy pickup production seeing support
We're not seeing enough pickup in production or imports. This should be enough to support the whole energy complex through the balance of the week.
capacity gasoline presents problem produce sufficient within
The problem with sufficient refinery capacity to produce gasoline still presents an issue, at least within the US.
among practical prices regions retail vary
Retail prices are going to vary among regions but for all practical purposes $3 is a floor.
coming damage employees flooding framework given magnitude within
Given the magnitude of the damage and flooding considerations, they are coming back pretty fast...especially within the framework of a lot of employees that have been misplaced.