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Letter "J" » John Kilduff Quotes
«A cataclysm to both production and refining was priced in. The assets are standing and repairs can continue.»
«Oil at $60 wears on consumers. If prices continue to fall demand will rebound.»
«The moderate weather is really helping push prices lower. As long as the oil keeps coming and demand languishes I see no reason for prices to rise.»
«Heating oil has fallen below a critical support level, the 200-day moving average. This is a seminal technical point for traders.»
«Prices in the coming weeks will remain extremely reactive to the various weather forecasts, especially the changes in the forward-looking six-10 day forecasts.»
«Tropical Storm Arlene helped spur the rally. As the storm passes, prices will fall. It's not headed for the main producing areas and it's not that powerful.»
«Currently, there is adequate supply to contend with what remains of winter, particularly if mild weather persists.»
«Oil should move lower because of the build in product supplies and the rapid disappearance of winter-weather worries. The continued fall in natural gas should also help pull all energy contracts lower.»
«Natural gas consumers are having their prayers answered.»
«If, however, they continue to drive up prices, despite fundamentals, the market will inevitably collapse on top of them. Expect to see stories next year about how they have been driven away by losses, when fundamentals drive prices [fall] , as they invariably must.»