John Kilduff
John Kilduff
positive silver staring stop traders
It's a silver lining, but it's not positive enough to get traders to stop staring down Rita.
break high oil
This isn't enough to break the back of high oil prices.
although bargain certainly condition decidedly given hunters last low negative pause picture technical volume year
This condition will last through the New Year and has given the technical picture a decidedly negative bias. Any bargain hunters have certainly been given pause by yesterday's action, although the low volume probably exacerbated the downdraft.
fear hanging nervous premium quite
It's the uncertainty on the storm's track. We're still quite a nervous market, and a substantial fear premium has already been priced in at this point, ... We're hanging on every report.
dollars four gasoline high higher prices realm telling
There's no telling how high prices of gasoline prices could go, at least for a time. Four dollars or higher is not out of the realm of possibility.
believe boost colder demand dent disruption market obviously occur pressure supply turn
Apparently, the market does not believe a turn to colder temperatures will boost heating demand enough to make a significant dent in supplies. Obviously some other supply disruption may have to occur to take the pressure off prices.
directly driven path prices projected
Prices are going to be driven directly by the projected path of the storm,
demand discourage drivers helping high louisiana obviously partly parts prices road
Demand was down nationwide, partly because drivers were off the road in parts of Louisiana and Mississippi because of Katrina, and obviously because high prices are helping to discourage demand.
damage demand fears high hurting katrina oil prices
Demand destruction fears are trumping fears about damage to oil facilities. It's not just Katrina that is hurting demand. High prices have strained economies, especially in Asia, and demand is being curtailed as a result.
coming cut demand helping keeps moderate near oil prices push reason signs weather
The moderate weather is really helping push prices lower, ... There are no signs that OPEC will cut back on output, which has jumped to near records. As long as the oil keeps coming and demand languishes, I see no reason for prices to rise.
disappoint extent reports
To the extent that those reports disappoint us, you may see rebounds.
besides certainly consumers cost direct federal gas impact iraq seen war
If there is a direct cost of the Iraq war to consumers besides the impact on the federal budget, it's certainly being seen at the gas pump,
beginning chemical damage fallen fourth france given hurt levels prices problem reminds report storm strike supply workers
The IEA report reminds us that there could be a supply problem in the fourth quarter. Storm damage and the chemical workers strike in France are going to hurt supply. Given the levels we have fallen from, prices are beginning to look like a bargain.
bullish damage hangover ivan mode news
The hangover from the damage done by Ivan is still on everybody's mind. We're still in that mode where any bullish news is tremendously bullish even if it's slight.