Jason Schenker Quotes

Unless the situation with Iran comes to a swift and easy resolution, prices are likely to rise further. Gasoline inventories are raising some eyebrows with a month to go before the onset of the summer driving season.

- Jason Schenker

Tags

Situation | Iran | Swift | Easy | Resolution |

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Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week. - Jason Schenker

If it remains this close to 2 percent, then I think economically speaking, we're sitting pretty. I don't think this changes what the Fed does in May. I think another rate hike is likely then. But I think it stems the talk of rates rising as high as 5.25 percent, at least for now. - Jason Schenker

After the PPI bounced last week due to higher energy costs, there is a big risk of the CPI following suit next week. There is significant upside risk there. - Jason Schenker