FastSaying
All eyes are on the hurricane. It's keeping oil high and pressuring the market.
James Monaghan
Eyes
Oil
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All eyes are on the hurricane.
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They (oil companies) have become financial engineers rather than petroleum engineers. I'd like to see them show a little more effort in the development side internally than they have lately.
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Seasonal factors, combined with additional production expected by OPEC, should bring oil prices back down to the mid-20 range by mid-summer.
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The inventory build was two-to-three times greater than expected, and oil prices are backing off.
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