FastSaying

The drop in crude was a surprise and was a little supportive to prices, but the market was completely overwhelmed by the build in products. It's unusual at this time of year to see distillate fuels rise.

Bill O'Grady

CompletelyCrudeDropMarketOverwhelmedPricesSupportiveSurprise

Related Quotes

The panic surrounding gasoline is pushing crude higher. The specification issues are starting to permeate the market. The distribution of ethanol is going to be a big problem.
— Bill O'Grady
CrudeDistributionGasoline
I think that what we may be seeing is the realization that if crude is not the problem, then we can't justify prices at $60 a barrel.
— Bill O'Grady
CrudeNotProblem
This is the second week that imports dropped, which makes sense because we are choking on crude. We need another week of drops before I get too worried.
— Bill O'Grady
ChokingCrudeDropped
Despite the surprise 1.3 million-barrel drop in DOE crude stocks for last week, inventories in the market remain near April 1999 highs.
— Tim Evans
BarrelCrudeDespite
Iran has figured out that all it has to do is say belligerent things to send prices soaring, they don't have to actually do anything.
— Bill O'Grady
BelligerentFiguredIran