Mark Waggoner Market Quotations

Half a million barrels in and of itself is not going to change a hell of a lot. But if it is prolonged or we have further threats, that will move the market higher.

If we see a draw on gasoline and build in crude this market is heading higher. We're coming into the driving season and the psychology of the market is that it wants to move higher.

We are pulling back (from record highs), but this market will go back up.

Gas supplies are back and yet we haven't really seen the market sell-off.

The market is consolidating a little bit, but after closing just below $60 multiple times somebody will come in and sell it hard. I think we're going down to about $55-$56 in the long term.

The market is overdone with fund buying and it's time for the pendulum to swing the other way.