Marshall Steeves
Marshall Steeves
draw gasoline given interest oil size
The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season. Heating oil is ascendant right now, while interest in gasoline wanes.
close columbus fall gasoline jewish overboard prices quiet rather spite swings trading volume week
Trading is rather quiet this week because of Columbus Day and the Jewish holidays. You often see big swings in prices when the volume is low. Also, gasoline is close to $1.80, which is probably a little overboard in spite of the fall in demand.
draw gasoline given interest oil size
Heating oil is ascendant right now, while interest in gasoline wanes. The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season.
gasoline interest oil
Heating oil is ascendant right now, while interest in gasoline wanes.
continue contracts energy european gasoline imports lead return start until
Gasoline will continue to lead other energy contracts until Gulf-area refineries return and European imports start to arrive.
demand gasoline high imports low stock
Gasoline demand is low enough and imports high enough to have another stock build.
bit draw gasoline larger support
The gasoline draw was a little bit larger then expected, so I think this will support prices.
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.
brief hopefully likely spike
There will likely be a brief (post-hurricane) spike as with Katrina. Hopefully it will not be prolonged.
draw given imports size stocks surprising
There was a larger-than-expected draw in crude-oil stocks and imports fell, which was surprising given that ports had reopened. The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season.
companies extent full knows nobody oil personnel survey until worse
Nobody knows the full extent of the damage. The speculation is that it will be worse than Ivan, but we won't really know for days, until oil companies get personnel out there and survey the damage.
companies extent full knows nobody oil personnel survey until worse
Nobody knows the full extent of the damage, ... The speculation is that it will be worse than Ivan, but we won't really know for days, until oil companies get personnel out there and survey the damage.
becomes economical industrial larger leg lower natural users
With each leg lower in natural gas, it becomes that much more economical for larger industrial users to come back to natural gas.
crude deficit good news oil sale
The good news is that with the 30 million-barrel sale of SPR oil, I don't think we will have much of a deficit in crude oil production.