In the near term, the overall health of inventories is likely to be important.
More Quotes from Jason Schenker:
After a couple of months of overestimating, we redid our modeling. We hope this more accurately captures what's going on in the market place.Jason Schenker
We're looking at some positive expansion, solid growth in jobs and in general economic growth, and that's something we see continuing.
Jason Schenker
The gain in distillate was unexpectedly large, which should eventually weigh on the market. Distillate increased because a decline in demand coincided with an increase in imports.
Jason Schenker
Such a strong report by a financial institution has to help others in the same sector. Rates have been rising but gradually, which gives some banks opportunity to adjust.
Jason Schenker
We're seeing range trading in all of the energy contracts. The big question is whether this is the bottom or if we will go lower. In the short-term the inventory numbers and the weather will determine what we do.
Jason Schenker
Geopolitical power is moving from energy consuming countries to the producers. We may see more of these supply shocks in the years ahead.
Jason Schenker
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