Scott Shelton

Scott Shelton has been quoted 8 times. The two most recent articles where Scott Shelton has been quoted are US oil settles up 0.8% at $43.91 per barrel and Oil soars 5 percent in biggest one-day gain since April. Most recently, Scott Shelton was quoted as having said, “The perception of more supply from Nigeria and Libya is trumping the physical markets. The market could care less about strong physical markets when it sees potential for another 600,000 barrels per day of crude.”.

Scott Shelton quotes

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The perception of more supply from Nigeria and Libya is trumping the physical markets. The market could care less about strong physical markets when it sees potential for another 600,000 barrels per day of crude.

The market's gotten really short over the past two weeks with everyone focused on weaker fundamentals and now you're seeing sudden covering.

The trend is your friend and picking tops can be painful as all of the money out there chasing trends from the systematic side of the market can overwhelm.

I think we are still in bull market, but I also think the headwinds are increasing.

I think we are back to inventory watching and the pressure will start moving to the bulls' positioning as the market will likely have little patience with large net (stockpile) builds.

I think there is a lot of money flow going on in oil and net buying from different parts of the financial world is driving prices higher. Near term physical markets are actually pretty firm, so I don't think there are sellers here for now on the oil side.

In my view, crude is still just a number on screen with little implications for most of the people and computers that are actively trading.

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