Tom Bentz Quotes

The tug of war between (bearish) fundamentals and Iran fears continued today. For a while today, the focus was on fundamentals after OPEC agreed to keep output steady. But once again late headlines about Iran supported short covering.

- Tom Bentz

Tags

Bearish | Fundamentals | Iran | Fears | Continued |

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Demand is snapping right back. Even with the high prices, there hasn't been that big an impact on demand. - Tom Bentz

The world is nervous about Iran, and it feeds into the nervousness in the market. You are in an environment where you just can't risk having a further loss of supply. - Tom Bentz

We need to take out yesterday's low of $70.70 before you can say that this market is set for a correction. Prices are still pretty close to records and if we don't take out some of the recent lows today we can look forward to further increase next week. - Tom Bentz