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Nauman Barakat Quotes

Typically when the dentists and doctors enter the market, you've probably seen the high or low of the move, perhaps the end of the bull cycle. Where have they been for the last three years? - Nauman Barakat

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Typically | Dentists | Doctors | Enter | Market |

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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. - Nauman Barakat

Crude stocks are misleading. Yes, they are the highest since 1999 but keep in mind that we are now producing 1 million barrels a day less in the U.S. and refinery runs are up by 1.2 million barrels a day. In that context crude stocks are not high. - Nauman Barakat

Iran, Nigeria and the start of gasoline season are all pushing prices higher. It's very likely that we will have another big drop in gasoline this week. Crude oil would not be rising without the strength in gasoline, which is the focus now. - Nauman Barakat

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