Joseph Allman

Oil is being propped up by all the concerns that supplies will be interrupted. As long as the market thinks read more

Oil is being propped up by all the concerns that supplies will be interrupted. As long as the market thinks it's possible, we might see some more increases.

It doesn't look like there will be any disruption in the near term. Iran relies on the money the oil read more

It doesn't look like there will be any disruption in the near term. Iran relies on the money the oil brings in so they wouldn't be able to cut supplies for long.

Crude gained a lot last week and we are giving some of that back. The U.S. led a large attack read more

Crude gained a lot last week and we are giving some of that back. The U.S. led a large attack in Iraq last week, one that wasn't unprecedented, but the media got a hold of it and the market reacted.

We still have a refining issue. Refineries in other parts of the country have been able to increase output but read more

We still have a refining issue. Refineries in other parts of the country have been able to increase output but they will have to go down later this year for maintenance.