Jim Ritterbusch Support Quotations

We're not seeing enough pickup in production or imports. This should be enough to support the whole energy complex through the balance of the week.

A source of support to the screen appears to be indications of increased refinery maintenance that should prove capable of reversing a dramatic 23-mil bbl up-trend in gasoline stocks during the past seven weeks. Production declines should also be driven by some slippage in gasoline yields.

They didn't do anything, and the market viewed that as bearish and rightly so, ... There's currently no sign of support underneath this market.

They didn't do anything, and the market viewed that as bearish and rightly so. There's currently no sign of support underneath this market.

The main feature was the big gasoline drop again. That's going to support the entire complex.