Quotations
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Nauman Barakat Quotes
«It won't be before the February contract. But unless we see a continued cold spell, this market will be under downward pressure.»
Author: Nauman Barakat
«It is not 9/11 in its devastation or its impact on global demand. Therefore this sell-off will be very temporary.»
Author: Nauman Barakat
«For the time being it's put a top on the market. It'll be difficult to trade above $30 in the short term. Longer term, the jury is still out.»
Author: Nauman Barakat
«There is no reason to think we are anywhere near the top.»
Author: Nauman Barakat
«It looks like some of them are coming back a lot quicker than some of us thought.»
Author: Nauman Barakat
«all smoke and mirrors.»
Author: Nauman Barakat
«It gets cold. Winters are cold, it's not a surprise. We had such a mild November we'd need it to be 15 to 18 degrees below normal for the rest of the month to get the degree days we had last year, and that's not going to happen.»
Author: Nauman Barakat
«The big build in distillates is what's going to be putting a lid on this market, ... I think we are probably due for a big correction.»
Author: Nauman Barakat
«The fear is as we get close to $50, OPEC may step in. $50 is a number that will be difficult to break on the downside,»
Author: Nauman Barakat
«The market has been up so sharply, it would be a prudent time to put money in the bank and then reposition,»
Author: Nauman Barakat