Tim Evans
Tim Evans
build bulls case drop fight hurt month past price stocks trying
The bulls are trying to put up a fight here, trying to make a case that the build in stocks and the drop in price over the past month haven't really hurt all that bad.
benefit capacity competition consumers
Consumers would benefit from more refinery capacity and more competition in the refinery business.
although boost chilly current expected helped northeast
Current chilly temperatures in the Northeast U.S. also helped boost prices, although these are not expected to last.
april covering crude draw last oil short since surprise total trigger weekly
Crude oil may have been able to trigger short covering off the surprise 1.3 million-barrel draw from last week, but inventories are still at their second-highest weekly total since April 1999.
blows calming cycles data gulf hurricane last rita week
There may be more cycles of hyperventilation yet to come as Hurricane Rita blows through the Gulf of Mexico, but the DOE data for last week was a calming influence.
kids people poison
There's a lot of people who want to do the right thing. My kids are out in the orchard, too. I don't want to poison them.
country found health huge major numbers urban workers
The numbers are sufficient, but there are major constraints. There is a huge mal-distribution of workers in the country and most health workers are found in urban areas.
call hold lost market pull silver staging time week
It's staging what I would call a catch-up move. After resisting the upward pull of silver all week long, the market couldn't hold back any more and is making up for lost time here.
cash continue ignoring pump ring surplus
They can continue to pump away and ring the cash register, ignoring the looming Q2 supply/demand surplus just like everyone else.
balance chopping looking market opportunity price relaxed storm updates
There still may be ample opportunity for price chopping off storm updates over the balance of the week, but the market is looking considerably more relaxed today.
both bush higher longer oil prices quo results short somewhat status term
A Bush status quo results in somewhat higher oil prices both in the short and the longer term in my view,
data morning quite trouble
It's having trouble getting out of its own way. Fundamentally, the CPI data from this morning was really quite mixed.
inside
This is really just some short-term consolidation. We are inside of yesterday's range.
accident far happy
This is really a happy accident as far as OPEC is concerned.