83 ordspråk av Tetsu Emori
Tetsu Emori
The pace of demand growth in China is something we are all watching, because it will have a greater effect on crude oil demand-supply balance at some stage.
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The political risks are still in place, so the downside is going to be quite limited.
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The price is completely oversold and has reached quite an important level now -- $60 a barrel is a psychological support level, if we get more bearish information we may see another huge decline to $55.
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The price is completely oversold and has reached quite an important level now -- US$60 a barrel is a psychological support level, if we get more bearish information we may see another huge decline to US$55.
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The production of gasoline in the U.S. is quite limited compared against the same period last year. And the refinery bottleneck situation is still a problem that drives the market.
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The release of crude and gas stocks from the IEA provided a good cover against the shortage expected after the hurricanes,
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The release of crude and gas stocks from the IEA provided a good cover against the shortage expected after the hurricanes.
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The situation has completely changed since the beginning of October.
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The situations in Nigeria, Iran and Iraq remain uncertain. Fears of supply disruptions from these oil-producing nations remain.
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The supply of oil is still ongoing; most people feel there won't be a disruption, so they're taking profit now, especially after Friday's sharp increase.
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The traders are looking at the geopolitical risk in Iran. They are worried that if the U.S. attacks Iran at some stage, it would impact crude oil prices in the future, so they don't want to sell.
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The weather and the high crude inventory levels are the main factors weighing down prices. This trend should carry on until the end of the year, with prices to hold between $55-$58.
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There is a kind of profit-taking this morning after the Saudi attack and the Iran compromise.
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This is a huge amount of money in the commodities market.
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This is a huge amount of money in the commodities market. Oil prices would be pushed up by this kind of pension fund money.
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