Timothy Ghriskey Oil Quotations

Light sweet crude is over $45 a barrel now, and that's a big drag on various parts of the economy. I think at some point, the price of oil falls and that sets off a rally in the market.

Overall, the issue for the market right now is oil. Today it seems to be about the events in Nigeria, but with oil it's been just one issue after another lately.

We saw crude reverse from the morning, and the market rises. The price of crude oil has such an impact across the economy, and you see that reflected in the market.

Oil is likely to stay in the $40's and that is likely to result in a flat stock market for the time being, ... Unless crude can break out of that range, I think we're likely to see sideways trading.

Oil is certainly dominating the market right now. Yesterday, crude moved above $60 but then pulled back by the close. Today you didn't see that.

Oil continues to be a big influence on the market, and the Fed is as well. As inflation goes, so goes the Fed.

Everyone knows growth slowed in the third quarter, and so for a company like GM to miss is not surprising, considering that it's so reflective of the economy and impacted by oil prices.

Oil was down a lot on the day and that certainly helped the market to support recent gains. There's also money moving from bonds to stocks here, with bonds retreating after the August run.

Oil up two percent and Wal-Mart lowering expectations set a negative tone pretty much from the beginning of the day.

Oil still remains the big uncertainty out there for the market. I think the attack in Saudi Arabia and worries about Friday's OPEC meeting are unsettling financial markets.

Oil still remains the big uncertainty out there for the market, ... I think the attack in Saudi Arabia and worries about Friday's OPEC meeting are unsettling financial markets.

The Dow and S&P are down because of Pfizer and the pharmaceutical sector, and oil is still a factor. But the indexes are not down as much as you might think they would be, which to me shows some underlying strength is still in place.