“The Iran situation is tense but it doesn't look like there will be any immediate action taken. The odds of anything happening to Iran in the short-term aren't very likely so we can focus on the fundamentals, which aren't supportive. Inventories are extraordinarily high.”
“The drop in crude was a surprise and was a little supportive to prices, but the market was completely overwhelmed by the build in products. It's unusual at this time of year to see distillate fuels rise.”
