Last quote by Jodie Gunzberg
I think Hurricane Harvey really gave (oil) a boost, it was a catalyst for some of the disruptions in the refineries. We are seeing real rebalancing in the oil market. When we look at the index data, we can see the price could move even as high as $80 to $85 (a barrel). Not immediately, but with their structural backwardation and shortages in the market, you just can't replenish it overnight. We have seen some structural backwardation where there are shortages and once there are shortages it's really hard to replenish.feedback
Jodie Gunzberg has been quoted in 3 different articles. Most recently, Jodie Gunzberg has been quoted saying, “Whether we can ramp up quick enough, that's a big question. Probably not so fast.” in an article called Oil shortages could push prices all the way to $80, commodities expert says. This is only one of 5 quotes from Jodie Gunzberg. To see more examples Jodie Gunzberg’s views and opinions, check out the section below. You can filter Jodie Gunzberg's quotes by date and by topic to see, for example, what Jodie Gunzberg said about wildcard recently and in the past.
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Quotes by Jodie Gunzberg
Sep 27 2017
Whether we can ramp up quick enough, that's a big question. Probably not so fast.feedback
Sep 27 2017
It is now in a bull market, Brent is up about 30 percent since June and we also had WTI up 23 percent.feedback
Feb 26 2017
When there's a shortage, there's no value to storage. So, there's a premium put on having the oil right now. That's where you want to be sitting up front in the near contract.feedback
Sep 27 2016
Regardless of what happens on the supply side, there's this wildcard factor of the strategic petroleum reserves.feedback
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