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【TOP 18】Nauman Barakat Quotes - WhatsApp Status | Page-1

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The big build in distillates is what's going to be putting a lid on this market, ... I think we are probably due for a big correction. - Nauman Barakat Quotes

The big build in distillates is what's going to be putting a lid on this market, ... I think we are probably due for a big correction.

It gets cold. Winters are cold, it's not a surprise. We had such a mild November we'd need it to be 15 to 18 degrees below normal for the rest of the month to get the degree days we had last year, and that's not going to happen. - Nauman Barakat Quotes

It gets cold. Winters are cold, it's not a surprise. We had such a mild November we'd need it to be 15 to 18 degrees below normal for the rest of the month to get the degree days we had last year, and that's not going to happen.

all smoke and mirrors. - Nauman Barakat Quotes

all smoke and mirrors.

The question is, is this a short-lived phenomenon? If you get another big draw in gasoline tomorrow, this sell-off could be a one-day miracle. - Nauman Barakat Quotes

The question is, is this a short-lived phenomenon? If you get another big draw in gasoline tomorrow, this sell-off could be a one-day miracle.

The big build in distillates is what's going to be putting a lid on this market. I think we are probably due for a big correction. - Nauman Barakat Quotes

The big build in distillates is what's going to be putting a lid on this market. I think we are probably due for a big correction.

Typically when the dentists and doctors enter the market, you've probably seen the high or low of the move, perhaps the end of the bull cycle. Where have they been for the last three years? - Nauman Barakat Quotes

Typically when the dentists and doctors enter the market, you've probably seen the high or low of the move, perhaps the end of the bull cycle. Where have they been for the last three years?

It won't be before the February contract. But unless we see a continued cold spell, this market will be under downward pressure. - Nauman Barakat Quotes

It won't be before the February contract. But unless we see a continued cold spell, this market will be under downward pressure.

It is not 9/11 in its devastation or its impact on global demand. Therefore this sell-off will be very temporary. - Nauman Barakat Quotes

It is not 9/11 in its devastation or its impact on global demand. Therefore this sell-off will be very temporary.

For the time being it's put a top on the market. It'll be difficult to trade above $30 in the short term. Longer term, the jury is still out. - Nauman Barakat Quotes

For the time being it's put a top on the market. It'll be difficult to trade above $30 in the short term. Longer term, the jury is still out.

There is no reason to think we are anywhere near the top. - Nauman Barakat Quotes

There is no reason to think we are anywhere near the top.

It looks like some of them are coming back a lot quicker than some of us thought. - Nauman Barakat Quotes

It looks like some of them are coming back a lot quicker than some of us thought.

The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside, - Nauman Barakat Quotes

The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside,

The market has been up so sharply, it would be a prudent time to put money in the bank and then reposition, - Nauman Barakat Quotes

The market has been up so sharply, it would be a prudent time to put money in the bank and then reposition,

They're trying to create the impression that they are cutting back more than they are. Even assuming full compliance the actual cut would probably only be 800,000 bpd. - Nauman Barakat Quotes

They're trying to create the impression that they are cutting back more than they are. Even assuming full compliance the actual cut would probably only be 800,000 bpd.

The market has been up so sharply, it would be a prudent time to put money in the bank and then reposition. - Nauman Barakat Quotes

The market has been up so sharply, it would be a prudent time to put money in the bank and then reposition.

The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside. - Nauman Barakat Quotes

The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside.

Crude stocks are misleading. Yes, they are the highest since 1999 but keep in mind that we are now producing 1 million barrels a day less in the U.S. and refinery runs are up by 1.2 million barrels a day. In that context crude stocks are not high. - Nauman Barakat Quotes

Crude stocks are misleading. Yes, they are the highest since 1999 but keep in mind that we are now producing 1 million barrels a day less in the U.S. and refinery runs are up by 1.2 million barrels a day. In that context crude stocks are not high.

Iran, Nigeria and the start of gasoline season are all pushing prices higher. It's very likely that we will have another big drop in gasoline this week. Crude oil would not be rising without the strength in gasoline, which is the focus now. - Nauman Barakat Quotes

Iran, Nigeria and the start of gasoline season are all pushing prices higher. It's very likely that we will have another big drop in gasoline this week. Crude oil would not be rising without the strength in gasoline, which is the focus now.

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