There is much talk about the product glut replacing the oil glut, and this is a worrisome indicator for crude demand. Frank Klumpp More Quotes by Frank Klumpp More Quotes From Frank Klumpp The market was surprised by two figures: Russian production at a 30-year high and U.S. gasoline demand dropping for the first time in 14 months, as long as most speculative money is long-positioned, there is more room for closing positions and falling prices. Frank Klumpp business Oil prices are rising because of the talk that Saudi Arabia will propose a global deal to balance the market. Frank Klumpp business Some risk premium is factored into the market after the terror attacks in Paris. We had an oversold market, so it is a technical recovery as well. Frank Klumpp energy
