Dariusz Kowalczyk Oil Quotations

Supplies of heating oil are very low compared to other supplies of energy commodities.

The situation between Russia and Ukraine is a rather (supportive) factor for oil ... as the potential for (gas) supply disruption in Europe is having a correlating effect on other energy commodities including oil.

Right now the market supply for oil is tight.

Slower U.S. growth may reduce growth in oil demand in the second half of the year. We are seeing proof of reduced U.S. consumer confidence.

The use of heating oil is 17 pct down in the Northeast (US) ... this would mean less demand and a downward push on prices.

The report was a big surprise. Crude oil seems very ample.