With steady supplies and high inventories, at some point prices are going to have to retreat.

Supplies are ample and stockpiles are rising. We're still lacking spare production capacity but the market is fairly happy that there's a good buffer in place in the form of inventories.

We have high crude prices. We have low inventories. We have strong demand. All of that would be a recipe for a taut market even with refineries (running at full capacity).

It is a strange market at the moment and frankly I am surprised that the rise we've seen earlier in the week from the Ukraine-Russia dispute is still there. People still feel a bit shaky about what happened in Russia and Ukraine, and with Sharon ill and some uncertainty in Israel.

The only thing that can take yields down is a total retreat in equity prices.

He aprendido algo sobre mi corazón.
Puede romperse.
Puede rasgarse.
Puede endurecerse y congelarse.
Puede detenerse. Completamente.
Puede destrozarse en un millón de pedazos.
Puede explotar
Puede morir.
¿Lo único que hizo que comenzara a latir de nuevo?
El momento en que abriste los ojos.