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Letter "M" » Michael Fitzpatrick Quotes
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«Relatively moderate weather, ample supplies and an escalation in the dispute over Iran's nuclear program should make for another week of high volatility. Absent geopolitical uncertainty, prices should be moving lower.»
Author: Michael Fitzpatrick
«There has only been a month's reprieve granted in addressing Iran's nuclear ambitions.»
Author: Michael Fitzpatrick
«The Governor of Nigeria doesn't think that militants are set to attack again soon and that has apparently prompted a little profit taking in front of tomorrow's reports.»
Author: Michael Fitzpatrick
«We shift back and fourth between a focus on supply versus the world situation. Today we are focused on supply because of tomorrow's report.»
Author: Michael Fitzpatrick
«It is apparently going to take more than growing inventories to turn prices seriously lower.»
Author: Michael Fitzpatrick
«Gasoline [supply] remains in deficit and with relatively low utilization rates, could point to a growing problem in weeks to come.»
Author: Michael Fitzpatrick
«It's high noon at the Security Council. Prices will rise because tensions are high. Iran has said that it would not specifically use oil as a weapon but now they are changing their tune.»
Author: Michael Fitzpatrick
«Milder weather forecasts for this week and extraordinarily high stockpiles continued to weigh on sentiment.»
Author: Michael Fitzpatrick
«While a late-winter cold snap or cool spring could whittle down some of the storage surplus, it is probably too late to prevent stocks from ending the heating season at record-high levels.»
Author: Michael Fitzpatrick
«While Iran seems to be going back and forth on the use of oil as a political weapon, that issue will probably remain in the forefront for the near term, at least.»
Author: Michael Fitzpatrick
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