FastSaying
There are two important words to keep in mind: snow cover. Once there is snow on the ground it's hard to keep temperatures up. Also, there are no signs of a warm-up on any map I've been looking at.
Bill O'Grady
Mind
Snow
Words
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Seventy is, basically, already here.
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It comes down to how well refineries recovered from storm damage and how fast imports have grown. I am looking for an increase in refinery utilization but it should only be limited.
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Everything else in the report was neutral or bullish. Demand is still high.
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All the geopolitical tension is the primary factor supporting this stuff.
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