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Tom Bentz Quotes
«This market has run up too far too fast. It's a needed correction.»
Author: Tom Bentz
«Iran worries are moving the market. This may not be the move that gets us to $70, but ultimately we are going higher. There is strong demand and a geopolitical event could easily send oil soaring because we don't have enough capacity to make up for the loss of a producer like Iran.»
Author: Tom Bentz
«I don't know if there's any chance we can stay stable for any long period of time. There are too many issues in the market.»
Author: Tom Bentz
«The Iranian situation is one that has supported the market for the last few weeks.»
Author: Tom Bentz
«That's relieving the Iranian worries a bit - I'm not saying it's going to go away, though.»
Author: Tom Bentz
«But the Iranian situation hasn't gone away. So $62 crude is probably not a bad value, and people see that as a buying opportunity.»
Author: Tom Bentz
«The short-term trend is down. The market finds it hard to muster any upside momentum. When it became clear we weren't going to get above $60 the mass selling started again.»
Author: Tom Bentz
«The market got way ahead of itself and we're now moving to a price that's in line with the fundamentals. The only question is how much farther we have to go.»
Author: Tom Bentz
«The tug of war between (bearish) fundamentals and Iran fears continued today. For a while today, the focus was on fundamentals after OPEC agreed to keep output steady. But once again late headlines about Iran supported short covering.»
Author: Tom Bentz
«The market has sold off pretty good in the last week - Iranian concerns faded, and the market then reverted to fundamentals. Inventories seem to be adequate everywhere.»
Author: Tom Bentz