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Letter "M" » Mike Fitzpatrick Quotes
«Besides the Iranian situation, difficulties in Nigeria...have prompted follow-through buying.»
«Because of China, oil is never going to go to the $18 to $22 level again in our lifetime. But it certainly doesn't have to be $60.»
«At some point, this has to have a deleterious economic effect.»
«Participants will need to see a sustained bout of cold before they can anticipate enough demand to start bidding up prices.»
«Certainly, in the long term, the Iran issue has the potential to become quite problematic, although the issues in Nigeria have more immediacy.»
«We're at a critical time when we need to be replenishing supplies.»
«There's hardly any fundamental support underpinning the market. Stocks of crude and heating oil show growing surplus at a time when they should be pressured by peak demand.»
«They don't have home games.»
«Basically, the market is taking the view that since we've postponed Security Council action for a month, there's still a possibility for a resolution, they think diplomacy is still possible.»
«The lack of follow through buying to yesterday's brief rally emphasizes that participants have momentarily refocused on fundamentals.»

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