Tony Nunan
Tony Nunan
above expect high inventory levels market prices stock unless warmer weighed
Even if there is a stock draw, unless it is substantially and unexpectedly high, I would not expect prices to go up above $60 as the near-term market is still heavily weighed down by high inventory levels and the warmer weather.
coming hurricane prices scary season
The scary thing is that the hurricane season is not over yet... so I don't see prices coming down.
crazy draws market prices strong week
It's a crazy market. Prices look strong one week because of the draws (declines) in gasoline. If we get another big draw this week, the market will be even stronger.
market prices signs statistics test wants
If statistics show any signs of bullishness, prices will go higher. Technically, the market wants to test $65 a barrel.
equipped handle last market prices slack
Last time, the market could handle uncertainty as there was a lot of slack but now because prices are so high, the market is not equipped to handle unplanned events.
coast concerns france giving gulf increasing operations supply support
Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market.
immediate inventory levels mild seems weather
Immediate fundamentals look bearish, ... Weather seems very mild and inventory levels are high.
capacity demand high within
Demand is so high and capacity is so low, we can go from comfortable to uncomfortable inventories within a month.
gulf mexico output situation unclear
The situation is unclear because output is still down in the Gulf of Mexico and U.S. refineries are having problems.
crude higher imports products situation tight turnaround warm
The short-term situation in the U.S. is not good. With the refinery turnaround season, products should be tight but crude imports are higher and there is warm weather.
draws gasoline market turn
If we get draws in gasoline inventories, that could turn the market around.
example expected market recovery widely
Bearish (data) is widely expected and the market has already factored it in. But if it should show a recovery in demand, for example in gasoline, the market may rebound.
arabia bring flow hopeless oil surplus
Only Saudi Arabia has surplus capacity, and if its oil flow should be disrupted, it could bring a hopeless situation.
coming reality
I can't see why it should have rallied $2 and I think it's coming back to reality -- that the short-term fundamentals look oversupplied,