The longer the oil prices stay at this level, the more of a weight it puts on the market. That said, unemployment claims reflect the current strength of the economy. But the perception is that the current strength cannot be sustained with oil prices at these levels. As a result, the market is having a hard time making much progress to the upside.

Joe Liro

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News of a fifth consecutive weekly stock build is putting a general weight on oil prices.

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The market was too sanguine about the Fed moving to the sidelines at the end of the year or under a new chairman. They're going to keep tightening until they get a break in the inflation rate.

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There's going to be massive reconstruction in the Gulf region in a couple of months,

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You have to borrow $2 billion a day to fund that. It's an imbalance that's unsustainable.

We will likely see quite a reversal of the January surge in housing starts during February as a mid-month blizzard blanketed the East Coast under heavy banks of snow.