Robert Mabro Quotations

There is no reason to do anything other than a rollover. The market is functioning and oil is plentiful.

The hurricane created a crisis, but the roots of the problem are much deeper than that.

You have an oil market that is quite tight in the products side, particularly in the U.S.. Then you have a hurricane which closed eight refineries. The market looks at the situation and realizes supplies are even tighter. Prices will only fall if demand declines.