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More - Mike Wittner Quotes

The market has three drivers right now: distillate stocks (including heating oil), demand growth and the weather, ... Stocks are moderately bearish, demand is neutral and the calendar itself is moderately bullish, assuming a normal winter. - Mike Wittner Quotes

The market has three drivers right now: distillate stocks (including heating oil), demand growth and the weather, ... Stocks are moderately bearish, demand is neutral and the calendar itself is moderately bullish, assuming a normal winter.

It appears increasingly likely that we will need colder-than-normal temperatures in order for heating oil and gas oil to perform this winter and lead crude up, - Mike Wittner Quotes

It appears increasingly likely that we will need colder-than-normal temperatures in order for heating oil and gas oil to perform this winter and lead crude up,

It's all more fodder for financial investors. - Mike Wittner Quotes

It's all more fodder for financial investors.

It's U.S. gasoline, its Nigeria, it's the financial flows and Iran is there in the background. Do I think we're going to hit $70 at some point? Easily. - Mike Wittner Quotes

It's U.S. gasoline, its Nigeria, it's the financial flows and Iran is there in the background. Do I think we're going to hit $70 at some point? Easily.

This is just drifting around. But the Nigeria situation, as the weeks wear on, is providing a firmer floor for the market. - Mike Wittner Quotes

This is just drifting around. But the Nigeria situation, as the weeks wear on, is providing a firmer floor for the market.

With each passing week of warm weather, the upside diminishes, the downside increases, and the chances of an oil market correction before the springtime also increase. - Mike Wittner Quotes

With each passing week of warm weather, the upside diminishes, the downside increases, and the chances of an oil market correction before the springtime also increase.

The markets have been reacting to news on Iran, but the physical oil markets have been fairly relaxed so I'm not surprised to have seen them fall. - Mike Wittner Quotes

The markets have been reacting to news on Iran, but the physical oil markets have been fairly relaxed so I'm not surprised to have seen them fall.

It's just a bit of profit taking after the weekend. - Mike Wittner Quotes

It's just a bit of profit taking after the weekend.

We're trading on the weather. It's cold in New York, so the price is going up. - Mike Wittner Quotes

We're trading on the weather. It's cold in New York, so the price is going up.

The bottom line is US demand seems to be recovering, but the market still needs to be convinced of that. - Mike Wittner Quotes

The bottom line is US demand seems to be recovering, but the market still needs to be convinced of that.

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