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. Nauman Barakat
 

More - 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. - 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.

Nauman Barakat

 
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.

Nauman Barakat

 
all smoke and mirrors. - Nauman Barakat Quotes

all smoke and mirrors.

Nauman Barakat

 
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.

Nauman Barakat

 
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.

Nauman Barakat

 
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?

Nauman Barakat

 
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.

Nauman Barakat

 
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.

Nauman Barakat

 
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.

Nauman Barakat

 
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.

Nauman Barakat

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