Peter Beutel Traders Quotations

U.S. refineries prefer a lighter grade of crude than OPEC can add right now. The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.

U.S. refineries prefer a lighter grade of crude than OPEC can add right now, ... The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.

We'll be looking at it (Greenspan's speech) a lot more closely than we normally do, but I don't know if we'd ever look at it the same bond traders do. To them everything he says is gospel. It's only once every couple of years we even know what he's saying.

If we come back on Monday and there is no new hurricane and Wilma has not done any damage to oil and gas production, then I think traders will be selling almost in relief,

Traders remain extremely nervous about gasoline supplies, especially with the switch to ethanol nationwide.

With another storm threatening the half the Gulf that avoided Katrina, it has traders spooked this morning,

There's some apprehension about the report. If we don't see an increase in distillate inventories, traders are going to ask when we will before winter.

There's some apprehension about the report, ... If we don't see an increase in distillate inventories, traders are going to ask when we will before winter.