Michael Fitzpatrick Quotes

The real dichotomy in this market is that crude inventories are very high and that could make for some violent, back-and-forth price action. For the foreseeable future, the path of least resistance remains up until there is a significant structural economic or political shift.

- Michael Fitzpatrick

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Real | Dichotomy | Market | Crude | Inventories |

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Even in a bull market you get periods of a little relief, and this is one of them. Some of the Iranian words today were conciliatory. In reality nothing has changed and the market will soon rise again. - Michael Fitzpatrick

The mild weather and contracting demand are continuing to send us lower. Crude oil will soon test $56 and the products $1.50. - Michael Fitzpatrick

The comments from OPEC officials are taking some of the froth off last week's rally. It looks like OPEC is set to roll over the existing production quota at the meeting this week. - Michael Fitzpatrick