Quotes by Jason Schenker

“Youve got (U.S.) supplies coming from a lot of places: more imports, more refinery capacity and more production from the Gulf of Mexico, and thats pulling down prices in the short term.”

“Markets were caught off-guard by a blow-out trade deficit, ... This could affect growth.”

“The companies stand to do some profit because the oil is already there. All they have to do is take it off the ground.”

“The crack spread of gasoline has collapsed, and only an escalation of Iranian tensions could buttress crude at this level.”

“A further deterioration of the situation in Nigeria, or escalation of nuclear brinkmanship with the Iranians, could push the (New York) price of crude further to 70 dollars.”

“OPEC is likely to be a critical event next week. A cut in production, however, seems quite unlikely despite slower fourth-quarter U.S. GDP growth out today and a well-supplied market. The specter of oil supply disruption haunts energy markets.”

“The economy and corporate America remains solid -- we are going to resume an upward trend and the equity market knows it very well. The sharp drop in the GDP was just a bleep.”

“The economy and corporate America remain solid -- we are going to resume an upward trend and the equity market knows it very well. The sharp drop in the GDP was just a bleep.”

“The retail sales report was the most significant piece of data we had in weeks and that certainly had the stock market going. It points to a solid first quarter, with earnings growth.”

“Supplies are pretty lush. Once this report is digested we should see a big decline in prices. The geopolitical concern and economic growth are still there in the background supporting prices.”