That was a shocking gasoline build...the crude build was bigger than expected and that should put down pressure on the market.

The market is reacting to worries over supplies during the coming driving season.

We've built crude supplies far in excess of what the market is expecting and that should weigh on prices.

That was a shocking gasoline build.

Although it is unlikely that the Iranian nuclear dispute will lead to a curtailment of oil shipments, there is clearly a large premium on oil prices due to the ongoing tensions.

I think we're still in a very headline-driven market and the geopolitical concerns are going to continue to outweigh the fundamentals.