Bart Melek Quotes

We can expect the West to reply, even including the possibility of force, raising the temperature in the oil market again over the next several days and weeks, likely lifting prices higher.

- Bart Melek

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The market is speculating that slower growth in China, sufficient commodity supplies in the U.S. and moderating U.S. growth may mean that the recent run-up in commodity prices is overdone and that we are due for a correction in the not-too-distant future. - Bart Melek

Warmer-than-expected fall weather and high prices have reduced energy demand in the western hemisphere, allowing inventories to rebuild, even as production is significantly below capacity. - Bart Melek

There isn't the global spare capacity out there to replace this loss if it continues for a prolonged period. Already the market is tight as a drum, and if anything else happens, say instability in the Middle East, I wouldn't preclude $100 oil at all. - Bart Melek