The downtrend that started immediately after hurricane Katrina remains firmly in place in spite of Wilma and industrial problems at Total in France,

The downtrend that started immediately after hurricane Katrina remains firmly in place in spite of Wilma and industrial problems at Total in France.

We are still quite strong in spite of expectations for product stock builds. Question marks over Nigeria and Iran and the effects of cold weather in Russia, which have reduced exports, are providing a lot of support.

Legend remains victorious in spite of history.

The market would probably be weaker without these concerns.

Mild weather is one of the factors, and we're going into the heating-oil season with high stocks.