Crude oil and petroleum product inventories are robust. The numbers suggest that fears that gasoline supplies would fall through the floor as refineries performed maintenance were exaggerated. Some of the funds may be selling as they re-evaluate the value of futures as an investment. - Michael Lynch Quotes
Crude oil and petroleum product inventories are robust. The numbers suggest that fears that gasoline supplies would fall through the floor as refineries performed maintenance were exaggerated. Some of the funds may be selling as they re-evaluate the value of futures as an investment. Michael Lynch
 

More - Michael Lynch Quotes

The IEA report confirms the bearish sentiment in the market. Inventories are more than adequate, but geopolitical worries have been supporting prices. We haven't heard anything inflammatory from Iran's president recently. - Michael Lynch Quotes

The IEA report confirms the bearish sentiment in the market. Inventories are more than adequate, but geopolitical worries have been supporting prices. We haven't heard anything inflammatory from Iran's president recently.

Michael Lynch

 
It's finally sunk in that demand isn't roaring. That was the story in 2004, but that's no longer the case. - Michael Lynch Quotes

It's finally sunk in that demand isn't roaring. That was the story in 2004, but that's no longer the case.

Michael Lynch

 
We are making a friendly offer to Reynolds, ... We were shocked when we found out that Alcoa had made its offer and we assembled ourselves as quickly as we could to put together this proposal. - Michael Lynch Quotes

We are making a friendly offer to Reynolds, ... We were shocked when we found out that Alcoa had made its offer and we assembled ourselves as quickly as we could to put together this proposal.

Michael Lynch

 
We continue to pursue this quite vigorously, - Michael Lynch Quotes

We continue to pursue this quite vigorously,

Michael Lynch

 
With this service, our fans can now get the content they want and view it at their convenience. - Michael Lynch Quotes

With this service, our fans can now get the content they want and view it at their convenience.

Michael Lynch

 
We've clearly been getting support from the weather. Crude oil, distillate and gasoline supplies are all higher while demand is lower. There really isn't a bullish cloud on the horizon. - Michael Lynch Quotes

We've clearly been getting support from the weather. Crude oil, distillate and gasoline supplies are all higher while demand is lower. There really isn't a bullish cloud on the horizon.

Michael Lynch

 
Nothing can stop the average pump price from passing $3 a gallon in the next few days. At some point you will see a big drop in demand. - Michael Lynch Quotes

Nothing can stop the average pump price from passing $3 a gallon in the next few days. At some point you will see a big drop in demand.

Michael Lynch

 
OPEC has done well responding to prices rather than expected inventory builds, and that is likely to continue for now. - Michael Lynch Quotes

OPEC has done well responding to prices rather than expected inventory builds, and that is likely to continue for now.

Michael Lynch

 
All the shells are cut out of the same sphere, ... and now all have a common denominator. - Michael Lynch Quotes

All the shells are cut out of the same sphere, ... and now all have a common denominator.

Michael Lynch

 
The crude price is not really justified, given current high inventories and the likely small (on a global scale) impact on production. - Michael Lynch Quotes

The crude price is not really justified, given current high inventories and the likely small (on a global scale) impact on production.

Michael Lynch

 
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