Tim Evans
Tim Evans
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.
crude decline drop further oil stocks surprised
I'm surprised by the drop in crude stocks and the further decline in crude oil imports,
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.
average barrel build early further january likely mild million readings rise stocks tendency time toward
Stocks have a tendency toward a counter-seasonal rise in early January ... but the mild readings this time around make a further 2 to 3 million barrel build more likely than the 1.1 million barrel five-year average increase.
despite drawn extent last limiting market might page positions prices profit pushing short storage taking warmer week
The natural-gas market is on a completely different page now, with profit taking on short positions pushing prices higher, despite what are still impressively bearish prospects. This week will be warmer than last week, limiting the extent to which storage might be drawn down.
crude desire hold lack limit material oil reflects start stocks sure trend
I'm not sure this is the start of a new trend in crude oil stocks and it probably reflects more of a desire on the part of refiners to limit the material they hold than it does a lack of supply,
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.
close fact holding market physical risk shortage
There is nothing close to a physical shortage going on here. Instead, what the market is holding here is a significant, and in fact growing, implied risk premium.
appetite far holding insatiable
There is so far an insatiable appetite for holding more inventory. We're still not recognizing it as a glut.
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.
buy clear consumer hybrids next offer park price steer table three trigger willing
To put that offer on the table for the next three months, it's clear to me that they're willing to steer the price lower, ... They really don't want every U.S. consumer to park their SUV and buy gasoline-electric hybrids -- they don't want to trigger that kind of consumer response.
advertising bob campaigns connect good great maureen modern past people relevant strongly
We wanted to connect with people as strongly as some of our great advertising campaigns of the past did -- such as with Beattie with Maureen Lipman or Bob Hoskins in 'It's good to talk' -- but in a way that's relevant to today's modern relationships.
came dramatic range surprises within
Everything pretty much came within the range of expectations so there were no dramatic surprises here.