“Oil seems to be a tad off today, ... One of the reasons yesterday sold off so much was having that surge in oil. We're getting a little respite from that this morning.”
“The use of plant oil as fuel may seem insignificant today. But such products can in time become just as important as kerosene and these coal-tar-products of today.”
“The news today so far has been quite poor to say the least. You've got oil up, and it continues to go higher. The ISM manufacturing came out softer than expected. And Wal-Mart wasn't great.”
“Whatever volatility we've seen today can be attributed to oil.”
“Going by the cost of finding and developing oil today, there is no reason why the long-term price should be at $50-plus.”
“Today, crude oil is sold at the price of the Urals brand, and in terms of quality we have been losing big money. Given the oil directly reaches the final buyer, all that money will stay in Russia.”
“The funds came right back in, certainly, and today, I think, the correlation with the oil price was very evident. Oil went up to $75 and the metals went along with it.”
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