Refined product fundamentals are quite strong and likely to pull up crude prices. If one adds to all this the possibility of continued 'hot' news from Iraq, Iran, Nigeria and Venezuela, crude prices are likely to rise next week.

With the weather still relatively warm, the market is unlikely to sharply focus on the bullish heating oil market that is in the works. Refiners are making gasoline late in the year.

OPEC must add additional production capacity. This must be sufficient to meet demand and beat out the hedge funds that have pushed prices so high.

It has had a turn for the worse, perhaps the much worse. ... Now it's a different entity. It's not completely run like a business.

It is going to be an interesting week for crude oil. Demand is increasing as more refinery capacity from the Gulf Coast becomes available.

Measures taken by the Federal Government in conjunction with the IEA should have a downward pressure on crude prices. Current supply and demand fundamentals are only somewhat bullish for gasoline and outright bearish for crude oil and distillates.