The laws of economics still apply and higher prices call forth more supply while dampening demand. The long view of the market’s history, filled with booms and busts, is on our side.

I’m surprised by the drop in crude stocks and the further decline in crude oil imports,

The downside looks wide open at this point. We’ve got lots of inventory, and worldwide supply is going to continue to grow into the year.

In the short run, it means more oil drained from the market into the Strategic Petroleum Reserve.

The numbers are sufficient, but there are major constraints. There is a huge mal-distribution of workers in the country and most health workers are found in urban areas.

It is pretty clear they were attempting to move this oil into a crude oil market where there was already a surplus.

The gasoline build is substantial and it confirms the price weakness we’ve been seeing over the last several days.

I was looking for a rebound in imports as some of the activity along the Gulf Coast came back to normal.

The market will ultimately decide how critical the developments in Iran and Nigeria are, but we see the upside potential as limited, given stock levels.

The bulls are trying to put up a fight here, trying to make a case that the build in stocks and the drop in price over the past month haven’t really hurt all that bad.

The situation is not going to get better in the short term. Perhaps it will get worse.

The markets are bracing for Thursday’s DOE reports, with traders cringing since the recent (supply) trends have been bearish.

We’re really just trying to achieve a little bit of a balance between follow-through selling after Tuesday’s big drop and a little bit of bargain hunting on the other side of the ring, trying to...

To put that offer on the table for the next three months, it’s clear to me that they’re willing to steer the price lower, … They really don’t want every U.S. consumer to park their...

Basically we hit some support levels … and if it can’t go down, it’s got to go up.