Michael Fitzpatrick Quotes

The warm January has permitted a window of opportunity to stage an early refinery turnover, longer-term weather forecasts call for a warm conclusion to the heating season, and gasoline has been quickly rebuilding stockpiles in advance of summer.

- Michael Fitzpatrick

Tags

Warm | January | Permitted | Window | Opportunity |

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The current perception is that there is enough crude and heating oil around, thus the slide in prices. - Michael Fitzpatrick

Relatively moderate weather, ample supplies and an escalation in the dispute over Iran's nuclear program should make for another week of high volatility. Absent geopolitical uncertainty, prices should be moving lower. - Michael Fitzpatrick

Crude inventories are at extraordinarily high levels, due in part to a steady flow of imports in recent months, giving the market a thick buffer against potential supply disruptions. - Michael Fitzpatrick