Tom Bentz
Tom Bentz
above became clear finds hard market mass selling trend upside
The short-term trend is down. The market finds it hard to muster any upside momentum. When it became clear we weren't going to get above $60 the mass selling started again.
chance issues period stable stay
I don't know if there's any chance we can stay stable for any long period of time. There are too many issues in the market.
continue gasoline led next
Gasoline led the way all week, which should continue when we come in next week.
built cause mean price somewhere
The inventories have built a little bit, but that doesn't mean an outage somewhere doesn't cause price spikes.
basically goes
Could it go back to the record? Basically it goes without saying.
far market needed run
This market has run up too far too fast. It's a needed correction.
gas good headed last sustain three types
There's been a lot of gas headed this way. Can we sustain these types of import numbers? Probably unlikely, but we've had a pretty good surge in the last three weeks.
adding crude market plenty
There's already plenty of crude in the market. Adding more crude to a market that already has plenty of crude doesn't make much of a difference.
bit iranian saying worries
That's relieving the Iranian worries a bit - I'm not saying it's going to go away, though.
barrels mean meeting might next raise sure talk
There's talk that OPEC might raise quotas at the meeting next week. I'm not sure this will actually mean more barrels though.
buying commodity crude funds hands seems
It seems like funds are buying every commodity they can get their hands on, from crude to gold.
bull found market top
This is a bull market and we have not found a top yet.
cash coast full gasoline gulf keeping markets products season swing
Products were strong, with the refinery maintenance season in full swing keeping the Gulf Coast gasoline cash markets very strong.
demand high impact
Demand is snapping right back. Even with the high prices, there hasn't been that big an impact on demand.