Marshall Steeves
Marshall Steeves
bullish data gasoline highest leads showing
The gasoline data is bullish and right now gasoline futures are showing the highest gains. We'll see if that leads the market.
changes damaging direct energy hit houston interests less market people therefore thinking
The market is so hyper-sensitive to changes in the storm. The thinking is it will be less of a direct hit on Houston and therefore less damaging to energy interests and that was enough for people to take some profits.
continuing directed issues latest oil per security supportive though threats
The latest security threats in Saudi Arabia, even though they're not directed at oil installations per se, and the continuing refinery issues are having a supportive role.
above became began clear disruption funds hard immediate iranian news oil prolonged staying supplies threat time unless
The Iranian news has been propping up prices. Once it became clear that oil was having a hard time staying above $66 the funds began to sell. There is no immediate threat of a disruption and unless we have a prolonged disruption supplies are sufficient.
easily fear market test toes
The fear of a replication of that is going to keep the market on its toes and we could easily test $70 a barrel.