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Kyle Cooper in Wikipedia
(This report is a) little bit bearish in terms of expectations.
The market is lower as weather forecasts are considered rather bearish through the middle of the month.
Distillate inventories were up slightly but are not rising at a normal pace, so that is a little bit concerning.
The last time inventories were this high was in early 1999 when prices were below $20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.
The Iranians are going ahead with their nuclear program and saying the heck with what the rest of the world thinks. They didn't say anything about cutting supplies but the market is still nervous.
Men might as well have hunted an hare with a tabre
There seem to be at least two more hikes for the Fed rate in the pipeline if punters' money is anything to go by.
If you want to reach a goal, you must 'see the reaching' in your own mind before you actually arrive at your goal.