Mike Wittner Quotes

With each passing week of warm weather, the upside diminishes, the downside increases, and the chances of an oil market correction before the springtime also increase. - Mike Wittner

When you step back and put it all together, it's nice timing. It's a New Year's reminder of the geo-political factors that are driving the market higher. - Mike Wittner

We're trading on the weather. It's cold in New York, so the price is going up. - Mike Wittner

We had such a big run-up in the last couple of weeks that the market is going to want to consolidate and pause to figure out what happens next. - Mike Wittner

This is just drifting around. But the Nigeria situation, as the weeks wear on, is providing a firmer floor for the market. - Mike Wittner

There is a lot of refinery capacity around Houston. If (Hurricane Rita) goes further south then it could hit refineries around Corpus Christi. - Mike Wittner

The UK will eventually have to import. - Mike Wittner

The speculative money is as much of a key driver for oil prices as Iran and Nigeria. There has been a massive influx of new money into commodities in general since the start of the year. - Mike Wittner

The reason we worry about political risk is that it has a chance to become a real fundamental factor, like it happened in Nigeria, where you lost some real supply. The spare capacity issue for refining and crude production still underlies everything because demand is still healthy. - Mike Wittner

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