Here is a short collection of quotes about Oil today…
“Oil is up for many reasons, including the Fed comments, overall market optimism, geopolitical worries and speculative activity,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt.
“Ninety dollars a barrel is now like a magnet that the bulls in the market want to break through,” said Victor Shum, a senior principal at energy consultants Purvin & Gertz Inc. in Singapore. “These days, sentiment is so bullish that any bad news on the economic front can’t hurt the rally in oil.”
“The cold weather in Europe has helped squeeze up distillates demand, and that is supportive of stronger oil prices,” Purvin & Gertz’s Shum said.
“It’s very cold in Germany, they’ll be using a lot of heating oil.” said Christophe Barret