“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.”
“Higher oil increasingly will creep into the indicators. Today, it biased the trade gap higher and pushed up import prices and also impeded the consumer sentiment number.”
“Obviously oil backing down a little today allows investors to focus more on the relatively strong earnings performances last week.”
“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.”
“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.”
“Oil companies will take it on the chin today.”
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