Crude oil tumbled in the final minutes of trading as traders are taking an attitude that prices may not see a substantial gain based on supply disruptions from Hurricane Katrina.
More Quotes from John Person:
The targets of 600 to 625 are more and more a reality and mostly justified as concerns on inflation, geopolitical pressures in the Middle East and now with rates at comfortable levels, central bankers are stuck in a rock and a hard place.John Person
European leaders are pressing Iran to step back their 'saber rattling' threats over nuclear developments. This situation was priced in the market last week -- and as traders returned back to work and focused on the current fundamental supply situation -- prices backed down off the highs.
John Person
Inflation fears, monetary policy around the globe is changing and investors' sentiment toward owning gold has improved -- and that continues to spark demand.
John Person
If the core rate shows lower inflation than expected, it will give a hint that the Federal Reserve is close to the end of its rate hikes, and this would give equity markets a boost overall,
John Person
This is big news. This is a good step forward for Hewlett-Packard. With her departure, the company will look forward to having new leadership ... so the market is looking at this as a positive for stocks, especially the tech sector.
John Person
Mild weather is the culprit. Inventories are plentiful as well and imports of LNG liquefied natural gas and pipelines in the Gulf are passing through ample storage supplies.
John Person
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Based on Topics: Attitude Quotes, Trading QuotesBased on Keywords: disruptions, tumbled
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