Mark Waggoner Quotes

In the next month to month-and-a-half, we're going to hit $70 a barrel, and I would expect $75 to $85 by the summer. We're just going to be taking the supplies down until refinery maintenance is completed around the end of the month.

- Mark Waggoner

Tags

Month | Barrel | Expect | Summer | Supplies |

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Traders are worried that if this situation deteriorates, supply from Nigeria would be at risk. - Mark Waggoner

The market is consolidating a little bit, but after closing just below $60 multiple times somebody will come in and sell it hard. I think we're going down to about $55-$56 in the long term. - Mark Waggoner

The market is overdone with fund buying and it's time for the pendulum to swing the other way. - Mark Waggoner