“I'm definitely feeling, as the statistics say, that there is a larger inventory on the market right now. And that's really what's been driving our appreciation these last couple years, that very low inventory.”
Cory Neu
“Gasoline inventories in the U.S. continue to be an issue in the market because last week's inventory report showed a stock decline as we approach the summer driving season.”
Victor Shum
“We have a two-sided market, which is fundamentally weak in the short-term due to inventories but in the long-term faces all this geopolitical risk.”
Tony Nunan
“If we get draws in gasoline inventories, that could turn the market around.”
“The market expects bearish inventories, with crude up by 1.5 million barrels, distillates down 1.7 million barrels and gasoline supplies unchanged.”
“Inventory levels were used much more than expected. Those were much larger stock draws than we had anticipated.”
Mike Rothman
“The IEA report confirms the bearish sentiment in the market. Inventories are more than adequate, but geopolitical worries have been supporting prices. We haven't heard anything inflammatory from Iran's president recently.”
Michael Lynch
