Michael Fitzpatrick Quotes

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

Tags

Crude | Inventories | Extraordinarily | High | Levels |

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After a mild start to the week, temperatures in the Northeast and Midwest, key gas consuming markets, were expected to cool to below-normal later this week and next week. - Michael Fitzpatrick

Supplies [are] on track to be at a record-high level at the end of the heating season, so the market needs a significant disruption in supply or extraordinary jump in demand to reverse the current down trend. - Michael Fitzpatrick

The weekly inventory numbers caught the market by surprise again. The unanimous UN decision demanding Iran stop nuclear enrichment probably rekindled concern that Iran will use oil as a political weapon. - Michael Fitzpatrick