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(Click for frequent words.) 64 Downward pressure 60 exert downward 57 pressure 56 inflationary pressure 55 oversupply 55 dampening effect 55 pressures 54 exerting downward 54 disinflationary pressures 51 Inflationary pressure 51 inflationary pressures 50 deflationary pressures 49 weakening 49 undersupply 49 volatility 49 Rob Montefusco trader 49 drift downwards 49 exerting upward 49 bearish undertone 48 depress 48 inventory overhang 48 disinflationary forces 48 weakeness 48 significantly tougher comparatives 48 macro headwinds 48 technically overbought 48 recessionary pressures 48 downward revisions 47 sounder footing 47 downside 47 heavier weighting 47 Mr Barbetti 47 Ms Deda 47 downward correction 47 flatter yield curve 47 dampener 47 Ms Kevans 47 weakness 46 exerted downward 46 disinflationary 46 headwinds 46 Inflationary pressures 46 shekel appreciation 46 oversupplies 46 Steep declines 46 recessionary headwinds 45 TREASURIES Bonds slip 45 Nimit Khamar analyst 45 NZD AUD 45 slowdown 45 bearishness 45 Oversupply 45 Stefan Graber 45 cyclical upturn 45 deflationary tendencies 45 overhang 45 negative newsflow 45 TREASURIES Prices fall 45 upward 45 glut 45 Mr Koukoulas 45 QE quantitative easing 45 non tradeables 44 upward bias 44 Commonwealth Thurtell 44 bearish 44 Mr Rubinsohn 44 oilprices 44 #,# #,# range 44 Dr Ironmonger 44 shekel depreciation 44 Mr Leppinus 44 downmove towards 44 strain 44 overcapacities 44 Mr Vrondas 44 Ample liquidity 44 downside risks 44 pressu 44 renminbi appreciation 44 Pressures 44 upward revisions 44 flat yield curve 44 CommSec economist Savanth Sebastian 44 pricing pressures 43 refining bottlenecks 43 declines 43 Deflationary pressures 43 Silliere 43 risk aversion eases 43 speculative froth 43 presure 43 Mr Mozina 43 superlong sector 43 constraint 43 Mr Serebriakov 43 Mr Cavenagh 43 bearish sentiment 43 downtrend 43 Costanza Jacazio 43 Briesemann 43 bubble deflates 43 deterioration 43 yield curve inversion 43 deflationary 43 METALS Copper rises 43 dampen inflationary pressures 43 Ms Beacher 43 headwinds buffeting 43 Antje Praefcke currency 43 Mr de Garis 43 competitive disadvantage 43 Mr Halmarick 43 Kasikov 43 recessionary trends 43 oversupplied 43 Jarrod Kerr 43 downward trend 43 corrective pullback 43 upward trend 43 furth er 43 TREASURIES Prices slip 42 Ms Polygenis 42 NYMEX Crude slips 42 cyclical upswing 42 Di Galoma 42 Tetsuya Miura chief 42 Akitsugu Bando senior 42 BIS Shrapnel forecasts 42 Iridium MSS offerings 42 Jalinoos 42 Renminbi appreciation 42 drifting downwards 42 imputed rents 42 crimp 42 Francisco Liboro president 42 risk averseness 42 risk aversion 42 Heino Ruland strategist 42 economist Helen Kevans 42 Hibors 42 Mr Foulsham 42 cyclically sensitive 42 1/bbl 42 inflation pressures 42 prices 42 choppiness 42 Loonie rises 42 See ID nBMB# 42 Mr. Zyblock 42 Weaker 42 Dr Atchana 42 SHANE OLIVER 42 drift sideways 42 demand slackens 42 Mr Redican 42 Mitsubishi Nunan 42 relative outperformance 42 steepening bias 42 curve steepens 42 commodity prices 42 RuiXue Xu 42 Loonie tumbles 42 Omer Esiner senior 42 Kruszenski 42 Daniel Brebner 42 Ferridge 42 curve steepening 42 Citigroup economist Yiping 42 Franulovich 42 China revalues 42 Mr Franulovich 42 stoking inflationary pressures 42 Lambregts 42 Eric Wittenauer analyst 41 Bennenbroek 41 slowdown Governor Perng 41 relative outperformer 41 overcapacity 41 #.#-#.# usd [001] 41 heightened risk aversion 41 Mr Klusman 41 toppish 41 flattening yield curve 41 MF Global Kalivas 41 THE RUPEE 41 Hiroaki Muto senior 41 Takuji Aida senior 41 WINNIPEG Closing 41 burden 41 email NEWS ALERT 41 lurch downwards 41 convexity hedging 41 yield curve steepen 41 dollar depreciates 41 Uridashi issuance 41 softening 41 creditwatch negative 41 tradables 41 geopolitical uncertainty 41 TBonds 41 Juichi Wako strategist 41 Cyclically 41 yield curve flattens 41 downard 41 Roger Cursley strategist 41 Yasushi Hoshi strategist 41 contangoed 41 Suki Cooper 41 downward revision 41 RMB revaluation 41 Omer Esiner 41 inventory replenishments 41 Mr McColough 41 Joe Manimbo currency 41 Robert Minikin 41 Mr Kusher 41 Mr Gahbauer 41 timespreads 41 Ian Stannard senior 41 headwind 41 profittaking 41 Scott Scrase trader 41 trending sideways 41 Anna Piretti 41 reacceleration 41 Yingxi Yu precious metals 41 relatively inelastic 41 Gregory Klump CREA 41 analyst Egill Helgason 41 forint weakening 41 tightening bias 41 deleveraging 41 Matthew Circosta 41 crude stockbuild 41 Dorothea Huttanus 41 trended upwards 41 sharp selloff 41 disinflation 41 contractionary 41 Lauren Rosborough senior 41 Justin Smirk senior 41 Amikura 41 DeQuadros 41 ill conceived divisive 41 toppy 41 HIGHLIGHTS BOJ Shirakawa 41 Yield differentials 41 Manuel Oliveri 41 overtightening 41 cyclical downturn 40 Hiroki Shimazu 40 Baygun 40 Eliane Tanner 40 Overcapacity 40 Tchilinguirian 40 fundamentals underpinning 40 analyst Maarten Altena 40 S.Africa rand steady 40 curve flattening 40 Rupee weakens 40 macroeconomic headwinds 40 Tachibana Hirano 40 Kryuchenkov 40 TREASURIES Bond 40 uncertainty 40 IVEY PMI 40 Satoru Ogasawara 40 spillover effects 40 Altavest Hartmann 40 WNS ADS 40 Yasutoshi Nagai chief 40 Gahbauer 40 Stochastic indicate bearish 40 Klaus Schruefer 40 downward 40 Underperform recommendation 40 Mr Hanlan 40 speculative fervor 40 Toby Hassall commodity 40 geopolitical tension 40 uridashi issuance 40 Gokkent 40 Ian Stannard currency 40 Summary Box Copper 40 underinvested bulls 40 Wang Junqing 40 CreditWatch Negative 40 Sandra Petcov 40 Rupee strengthens 40 greenshoots 40 Downside risks 40 Daiwa SB Monji 40 factories humming 40 Yetsenga 40 yield differentials 40 steepening yield curve 40 Summary Box Metals 40 Yoshiki Shinke senior 40 Dearer 40 decline 40 Mr Attrill 40 Eslake 40 volatilities 40 Geopolitical tension 40 Weakening 40 Mounting foreclosures 40 TREASURIES Prices rise 40 economist Drew Matus 40 depression Drevets 40 Jens Lauschke 40 India chana guar 40 broker Christopher Bellew 40 downtrading 40 Roehmeyer 40 deceleration 40 bellow #,# resistance 40 Robert Minikin senior 40 Skryja 40 stride Yergin 40 Makoto Noji senior 40 negative spillovers 40 Kovacocy 40 downgrades 40 analyst Victor Shum 40 fairly inelastic 40 Singdollar 40 bullish 40 chronic undersupply 40 Oversold conditions 40 trader Rob Montefusco 40 high yielders 40 Robert Montefusco 40 Steadily rising 40 Ernie Hon 40 NZ sharemarket rises 40 undemanding valuations 40 rerating 40 deflation persists 40 USD #-#/bbl [001] 40 abject pessimism 40 bullish bias 40 Ms Selvanathan 40 Slackening 40 MONEY MARKETS Interbank 40 curve flattens 39 Yiping Huang 39 overinflation 39 depressionary 39 mediumterm 39 goldilocks scenario 39 kharif oilseeds 39 precipitous declines 39 Daniel Briesemann 39 deteriorations 39 METALS Copper dips 39 Phyllis Papadavid 39 burdens 39 weaker 39 inching upwards 39 Bernard McAlinden strategist 39 ay y basis 39 geopolitical tensions 39 underlying fundamentals 39 troughed 39 upswing 39 Margin compression 39 Elisabeth Denison 39 appreciating Rupee 39 intermonth spread 39 interst rates 39 supply gluts 39 Suki Cooper precious metals 39 Inflationary expectations 39 structural rigidities 39 PRECIOUS Gold ticks 39 Bargain hunting lifts 39 firmer footing 39 slackening 39 grossly overbought 39 depreciating shilling 39 tailwinds 39 Sawlog prices 39 Wrzesniok Rossbach 39 MONEY MARKETS Libor 39 strategist Adam Sieminski 39 trader Christopher Bellew 39 Nimit Khamar 39 Mialich 39 Carsten Fritsch analyst 39 heightened geopolitical tensions 39 Ting Lu 39 Dimitry Fleming 39 Rhonda Staskow 39 Benedikt Germanier currency 39 Kim Jeong hwan 39 structural undersupply 39 Hou Xinqiang 39 economist Philip Borkin 39 stiff headwinds 39 Gloom deepens 39 Ms Trinh 39 STOCKS Futures slip 39 Dannesboe 39 gradual deceleration 39 FII outflows 39 Wensheng Peng 39 seasonal slowdowns 39 Eugen Weinberg commodities 39 Solveen 39 choppy sideways 39 Crisil Joshi 39 budgetary pressures 39 rabi harvest 39 NYMEX Crude dips 39 STOCKS Futures flat 39 Aud Nzd 39 Fimat Fitzpatrick 39 mildly bearish 39 Mr Speizer 39 confidentiality #/up lbs 39 Jonathan Cavenagh currency 39 TBond futures 39 HDB resale 39 rental reversions 39 Zhang Yansheng director 39 interestrates 39 Astmax Emori 39 Yasukazu Shimizu senior 39 adjusted downwards 39 cyclicality inherent 39 Koji Fukaya senior 39 TheBullionDesk.com analyst 39 Heightened volatility 39 TREASURIES Longer dated 39 tweezers imply 39 Yingxi Yu Singapore 39 shorting penny 39 upward spiral 39 disadvantage 39 downward trajectory 39 Hanao 39 stockdraws 39 Manqoba Madinane 39 economist Tushar Poddar 39 yield curve steepens 39 EUR SKK 39 stoke inflationary 39 TIPS breakevens 39 Amber Rabinov 39 Norihiro Fujito strategist 39 mentha oil futures 39 Implied volatilities 39 PRECIOUS Gold edges 39 TREASURIES Bonds dip 39 ALAN OSTER 39 Stochastic indicate bullish 39 reaccelerating 39 Downward revisions 39 involuntary overage 39 LME trader 39 firmer rupiah 39 Benign inflation 39 STOCKS SNAPSHOT Indexes 39 capacity utilisations 39 curve inversion 39 Shuichi Kanehira 39 Restricted arrivals 39 decelerating 39 STOCKS Techs 39 CRR hikes 39 cyclical downswing 39 weak dlr 39 pressue 39 Rupee surges 39 Economy.com predicts 39 bullish divergences 39 steep contango 39 MARKET WATCH Crude 39 Christin Tuxen 39 Shawn McCambridge analyst 39 economist Jonathan Cavenagh 39 Dollar tumbles 39 Bernd Wuebben senior 39 multiplier effect 39 outstrip supply 39 Sucden analyst Andrey Kryuchenkov 39 Ben Le Brun 39 monetary tightenings 38 hryvnia devaluation 38 sharp deceleration 38 Mrs Ridout 38 online Warseck 38 Schoefisch 38 constraints 38 yuan NDFs 38 MONEY MARKETS Euro 38 Mr Bagrie 38 bullish sentiment 38 Arsenin 38 Rumbens 38 upturn 38 FOREX Euro rises 38 Viwat strategist 38 SMALL MIDCAPS Stocks 38 Obrinsky 38 BTM UFJ currency 38 Yuji Kameoka senior 38 non tradables 38 spillover effect 38 economist Joseph Capurso 38 depreciating 38 Ferdi Heyneke portfolio 38 chana futures 38 millgate prices 38 downleg 38 David Mozina currency 38 Yasutoshi Nagai 38 firmer rand 38 Recessionary pressures 38 R#.#/dollar 38 Matt Buckland trader 38 USD #/bbl [001] 38 deliquencies 38 Robin Bhar analyst 38 President Wolfgang Franz 38 grossly oversold 38 Eurozone PPI 38 DATAWATCH UK 38 towards #.#-# 38 RPT GLOBAL MARKETS Stocks 38 undue burdens 38 economist Sunil Kapadia 38 Downside bias 38 Atsushi Yamaguchi 38 economist Riki Polygenis 38 USD YEN 38 rockbottom levels 38 Shinke 38 Makoto Yamashita chief 38 gale force NW'ly winds 38 NSea Crude Forties 38 Underwater mortgages 38 cyclical tailwinds 38 Dollar steadies 38 Dr Lawcock 38 dovish FOMC 38 cyclical trough 38 IEA Fatih Birol 38 Deflationary pressure 38 bullish undertone 38 steadier footing 38 inventory drawdowns 38 Sucden analyst Nimit Khamar 38 Bernd Weidensteiner 38 Oos dealer 38 themarket 38 Jonathan Cavenagh 38 CNY revaluation 38 Koichi Yoshikawa head 38 Mr Dinte 38 liquidity sloshing 38 Vautrain 38 Firmer commodity 38 tradeables 38 JGBS Japanese government 38 Chotaro Morita 38 #.#ppts 38 disinflationary trend 38 Pabuk bolstered monsoon rains 38 onerous burdens 38 Tobias Merath 38 wetter winters 38 Nedoss 38 Amrita Sen 38 Chana futures 38 MONEY MARKETS US 38 Shinji Ebihara quantitative 38 makets 38 RPT TREASURIES Bonds 38 rupee depreciates 38 slowly Koesterich 38 dovish BoE 38 investor skittishness 38 currency strategist Imre 38 Asset allocators 38 upmoves 38 slight downtick 38 artifically low 38 Suki Cooper analyst 38 Klude 38 Thina Saltvedt 38 rupee appreciating 38 Mr Shipside 38 genericization 38 positive newsflow 38 S.Africa c.bank 38 exportable surpluses 38 analyst Sudakshina Unnikrishnan 38 Marketweight 38 US#s 38 Joe Liro economist 38 Masafumi Yamamoto currency 38 Orin Middleton 38 Upward Pressure 38 Disinflation 38 Brait economist Colen Garrow 38 See Futures Movers 38 downwards 38 Drew Kanaly 38 firming 38 Slackening demand 38 Castorseed futures 38 euribor futures 38 antipodean currencies 38 Dwelling approvals 38 buoying sentiment 38 Toru Umemoto chief 38 Ken Hasegawa broker 38 decling 38 downgrade 38 De Vleeschauwer 38 reflationary policies 38 CLc1 Quote Profile Research 38 DATAWATCH Hong Kong 38 FOREX Yen slips 38 Libors 38 DRAM ASPs 38 Upward revisions 38 autocatalyst metal 38 Azusa Kato 38 Morningstar analyst Basili 38 Sun yeop 38 gluts 38 Ravelas 38 Francis Campeau broker 38 downturn 38 gyrate wildly 38 Speculative buying 38 analyst Heino Ruland 38 rangebound 38 EUR ZAR 38 Kapaskhali futures 38 Koji Fukaya chief 38 Zhu Yanzhong 38 Excel Waggoner 38 #USc 38 Tsiakopoulos 38 STOCKS Futures rise 38 Rishi Sondhi 38 rupee depreciating 38 industrywide oversupply 38 yield curve steepening 38 Sichtarova 38 market 38 Adamache 38 economic slowdown crimps 38 symbol DMN.PR.A. 38 Tobin Gorey commodities 38 ratings downgrades 38 #pb 38 Rupee plunges 38 Dr Tsiaplias 38 Maki Shimizu 38 Han Beom ho 38 Agam Gupta head 38 strategist Sue Trinh 38 Christopher Bellew broker 38 Conrado Bate president 38 yield curve inverted 38 pernicious downward spiral 38 disincentive 37 Weakness 37 speculative longs 37 softness 37 Michael Gapen 37 brightening outlook 37 Tobias Merath head 37 underrecovery 37 inflationary tendencies 37 strategist Makoto Yamashita 37 Henrik Gullberg 37 feedstock naphtha 37 Lara Rhame currency 37 backwardated 37 upward momentum 37 Aud Jpy 37 Takashi Ohba senior 37 FOREX Dollar rises 37 Intensifying competition 37 weaken 37 JB Were broker 37 GBPNZD 37 north Biniecki 37 cascading effect 37 information visit http:/www.paid.com 37 BoE Sentance 37 USD SGD USD SGD 37 CMCU3 37 uncertaintly 37 monetary tightening 37 marketconditions 37 Recasts updates prices 37 decelerated sharply 37 risk aversion abates 37 deplete inventories 37 pullbacks 37 Tatsuo Kageyama analyst 37 marketâ 37 Rainer Guntermann 37 Atsushi Ito strategist 37 credit analyst Takahira 37 Triple whammy 37 Mr Capurso 37 David Thurtell metals 37 KL mart 37 Luke Folta 37 speedometer needles 37 spec longs 37 Shioiri 37 CIBC economist Krishen 37 Mr Milkovits 37 resolved diplomatically Fader 37 straining pocketbooks 37 ICEA Securities 37 unplanned refinery shutdowns 37 David Wech 37 trended downwards 37 IG Markets analyst 37 FOREX Dollar slips 37 buoyant 37 RRR hikes 37 Shuchita Mehta 37 Rupee dips 37 stimulative monetary 37 Sucden analyst Michael 37 Brian Redican senior 37 lowerthan 37 Hinsdale Nolte 37 steeper declines 37 NAB strategists 37 Boockvar 37 Cao Yan 37 Masatoshi Sato senior 37 Hwang Chang joong 37 Stanlib economist Kevin Lings 37 RUBBER Malaysian rubber 37 Tom Bentz analyst 37 Kazuya Ito fund 37 geopolitical instability 37 Outperform recommendation 37 Hannes Loacker 37 Stefan Graber commodities 37 deflationary cycle 37 shortcovering 37 midcap smallcap 37 Conscius Capital Partners 37 COM WRAP 37 Chiwoong Lee 37 multidecade highs 37 runups 37 Slowdowns overseas 37 principal economist Shamubeel 37 MKTS GLOB 37 FX OUTLOOK 37 Takehiro Sato chief 37 Destocking 37 EURO GOVT Bund 37 Takahide Nagasaki chief 37 research Ray Attrill 37 Randall Stanicky 37 Downward 37 Matt Wacher 37 rupee depreciation 37 deferreds 37 Toshiyuki Kanayama market 37 broker Sucden 37 Mr Calavrias 37 Tightness 37 Junya Tanase forex 37 futures closeout 37 Kelive 37 economist Shamubeel Eaqub 37 KCBT wheat 37 Jarhom 37 Conviction List 37 depreciating greenback 37 US1 ¢ 37 Ruland Research 37 selected bluechips 37 bloated inventories 37 dowturn 37 Investica 37 spiral downwards 37 Summary Box Fixed 37 CBOT soyoil 37 formidable headwinds 37 Aurobinda Prasad 37 Huttanus 37 QSBO 37 TREASURIES US 37 crudeoil 37 FOREX Dollar slides 37 Avalon Cardillo 37 Raphael Bostic associate 37 rerate 37 SIMON TENNENT 37 Clyde Wardle 37 GBP AUD 37 Inadome 37 IEA trims 37 Shimamine 37 Rob Montefusco 37 inflationary impulses 37 toward USD#.#/# 37 Torbjorn Kjus 37 OFZ curve 37 Akcin 37 Neutral rating 37 JGB repo rates 37 New Wave Mennis 37 EMERGING MARKETS Stocks 37 Petr Sklenar 37 adverse effects 37 Ingrid Sternby 37 Investica adds 37 Rolf Buerkl 37 human error Fredriga 37 reflation trade 37 safe haven flows 37 FOREX Dollar climbs 37 Distressed properties 37 Satoshi Okumoto general 37 Mr. Cieszynski 37 #yr yields 37 Goh Mou Lih 37 sharp pullbacks 37 squeeze 37 Mr Boulger 37 reaccelerate 37 demand 37 Adarsh Sinha 37 di Galoma 37 Minori Uchida senior 37 CMC Markets trader 37 Matt Buckled dealer 37 Spiros Papadopoulos 37 Mr Saligari 37 Sun Mingchun 37 Tee Sze Chiah 37 MARKET WATCH Energy 37 Castor Pang strategist 37 ANZ Commodity 37 outlook darkens 37 OSK DMG 37 Matthias Rubisch 37 BGA exporters association 37 downtrending 37 Savanth Sebastian 37 Lutz Karpowitz 37 accommodative monetary policies 37 Pomati 37 Di Giambattista 37 mont hs 37 Conviction Sell List 37 Eurodollar Mar 37 manufacturing PMIs 37 deflationary depression 37 Jamie Spiteri 37 Dana Saporta economist 37 Lorenzo Codogno 37 information visit www.sybd.com 37 steepen 37 Jens Nordvig currency 37 newsflows 37 fluctuate unpredictably 37 gamertag Joshanboo 37 Adam Boyton 37 Geopolitical tensions 37 Elsa Lignos currency 37 Rupee slips 37 dong devaluation 37 Rupee eases 37 #-#/tonne FOB AR 37 uptrend 37 BoE Besley 37 EMEA CMBS 37 enplanement declines 37 Matthew Buckland trader 37 Toshio Sumitani senior 37 deflationary spiral 37 ADP Macroeconomic Advisers 37 METALS Copper slips 37 Kenji Arata 37 Commodity Warrants Australia 37 Koji Muneoka head 37 gradual monetary tightening 37 US#Y 37 Citi Futures Perspective 37 Lee Jae mahn 37 Analyst Stephen Schork 37 downdraft 37 Tetsuya Ishijima 37 BOE Sentance 37 wafer ASPs 37 accommodative stance 37 ethylene feedstock 37 Moec 36 speculative bubble 36 levered balance sheet 36 SupplySMART ™ energy 36 stockbuild 36 symbol MAA 36 chief economist Fionnuala 36 weak 36 Phil Schlakman head 36 Edward Sagebiel spokesman 36 currency depreciates 36 TREASURIES Bonds rise 36 precipitous decline 36 Mr Sekely 36 uncertainities 36 Macquarie Jerram 36 trended steadily 36 Mr Waterer 36 pessimists outnumber optimists 36 reinflation 36 Sven Jari Stehn 36 Nas Nijjar 36 stagflationary environment 36 deflationary downward spiral 36 stockbuilding 36 Barbara Lambrecht 36 Ms Gacis 36 Strategy Attempt longs 36 Besa Deda currency 36 Automatic stabilizers 36 Decelerating 36 USD #-#/bbl [002] 36 Daniel Katzive 36 #-#/#-year highs [001] 36 hopper railcar 36 consumer discretionaries 36 contraction 36 PLN HUF 36 economist Justin Smirk 36 GBP USD EUR USD 36 Prudential Bache broker 36 Lena Komileva G7 36 STOCKS SNAPSHOT Futures 36 sideway trading 36 ECB hawkishness 36 US#.#/#c 36 FOREX Euro edges 36 stabilizes 36 Thanos Papasavvas head 36 Sokou 36 fundamentals reassert 36 Tad Philipp 36 analyst Zhang Qi 36 Jorg Radeke economist 36 Hideki Hayashi global 36 Millan Mulraine economics 36 floorplan lenders 36 propylene feedstock 36 Frbiz analyzes 36 Petromatrix analyst 36 Shipside adds 36 Noriaki Haseyama 36 Harry Tchilinguirian senior 36 superlong yields 36 Garth Mackenzie 36 mortgage backeds 36 Pressure 36 Malaysian advices 36 Rainer Sartoris 36 stockdraw 36 Mr Rumbens 36 elder Sicilia 36 Takeshi Minami 36 #.#/#.# [024] 36 Usd Yen 36 chief economist Besa 36 Lacraz 36 redefaults 36 Mr Pontikis 36 Moszkowski wrote 36 Christopher Hogbin 36 analyst Adam Sieminski 36 analyst Tristan Gerra 36 Alaron Flynn 36 Mr Munckton 36 Childe Freeman 36 Darren Heathcote head 36 chokehold 36 Carsten Fritsch 36 seasonally weak 36 Refinery shutdowns 36 recessionary tendencies