Quotations
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Marshall Steeves Quotes
«The news that Saddam's sons may have been killed gave traders a feeling that things would be a little bit more settled in that nation.»
Author: Marshall Steeves
«The gasoline data is bullish and right now gasoline futures are showing the highest gains. We'll see if that leads the market.»
Author: Marshall Steeves
«It's positioning before the EIA survey, where most people are expecting a build, especially on the product side.»
Author: Marshall Steeves
«There is a lack of heating demand. We're experiencing a very unusual warm pattern in the United States. Also, the DOE (inventory) expectations are pretty bearish for tomorrow.»
Author: Marshall Steeves
«Even with the crude draw, we still have a lot of it with supplies still above normal.»
Author: Marshall Steeves
«The Iranian news has been propping up prices. Once it became clear that oil was having a hard time staying above $66 the funds began to sell. There is no immediate threat of a disruption and unless we have a prolonged disruption supplies are sufficient.»
Author: Marshall Steeves
«If oil falters, we'll come off again.»
Author: Marshall Steeves
«Oil prices have consolidated in the upper $60s. There's a balance between the supportive geopolitical concerns respecting Nigeria and Iran, verses the bearish influence of excess crude supplies and warm U.S. winter weather.»
Author: Marshall Steeves
«Eventually we'll turn around on geopolitical concerns about Iran, but as far as the inventories are concerned it's pretty bearish.»
Author: Marshall Steeves
«We are looking to an active turnaround season because of all of the deferrals from the fall. Refineries that planned to upgrade facilities put them off because of Hurricanes Katrina and Rita.»
Author: Marshall Steeves