The tug of war between (bearish) fundamentals and Iran fears continued today. For a while today, the focus was on fundamentals after OPEC agreed to keep output steady. But once again late headlines about Iran supported short covering. - Tom Bentz Quotes
The tug of war between (bearish) fundamentals and Iran fears continued today. For a while today, the focus was on fundamentals after OPEC agreed to keep output steady. But once again late headlines about Iran supported short covering. Tom Bentz
 

More - Tom Bentz Quotes

Products were strong, with the refinery maintenance season in full swing keeping the Gulf Coast gasoline cash markets very strong. - Tom Bentz Quotes

Products were strong, with the refinery maintenance season in full swing keeping the Gulf Coast gasoline cash markets very strong.

Tom Bentz

 
I hate to use the word crisis, but there is certainly potential for real supply tightness, - Tom Bentz Quotes

I hate to use the word crisis, but there is certainly potential for real supply tightness,

Tom Bentz

 Crisis
The market has been strong over the last two days, it seems likely to continue to stay strong on petrol. - Tom Bentz Quotes

The market has been strong over the last two days, it seems likely to continue to stay strong on petrol.

Tom Bentz

 
Gasoline led the way all week, which should continue when we come in next week. - Tom Bentz Quotes

Gasoline led the way all week, which should continue when we come in next week.

Tom Bentz

 
The inventories have built a little bit, but that doesn't mean an outage somewhere doesn't cause price spikes. - Tom Bentz Quotes

The inventories have built a little bit, but that doesn't mean an outage somewhere doesn't cause price spikes.

Tom Bentz

 
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. - Tom Bentz Quotes

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.

Tom Bentz

 
The market is just breaking down a bit after rallying in the middle of the week. - Tom Bentz Quotes

The market is just breaking down a bit after rallying in the middle of the week.

Tom Bentz

 
The market's been down a bit lately because of the (warmer) weather. So I thought we were going to see a bounce, but this was much more than I expected to see today. - Tom Bentz Quotes

The market's been down a bit lately because of the (warmer) weather. So I thought we were going to see a bounce, but this was much more than I expected to see today.

Tom Bentz

 
Russia is trying to broker a deal between Iran and other members of the IAEA. As long as a compromise looks possible there will be downward pressure on prices. - Tom Bentz Quotes

Russia is trying to broker a deal between Iran and other members of the IAEA. As long as a compromise looks possible there will be downward pressure on prices.

Tom Bentz

 Compromise
We got a bigger-than-expected decline because offshore production is still down by more than 50 percent and imports were down. The shock of Katrina is still being felt. - Tom Bentz Quotes

We got a bigger-than-expected decline because offshore production is still down by more than 50 percent and imports were down. The shock of Katrina is still being felt.

Tom Bentz

 
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