Traders are looking at the Nigerian and Iranian issues. They don't like to sell at present. |
Traders are looking at weaker demand, and that's the main reason why they are just sitting in the market right now. |
Traders are most concerned about the Iranian issue, as the situation appears to be getting worse. |
Traders are worried that U.S. refineries don't have enough capacity for gasoline production ahead of the summer driving season. |
Traders need to understand that the supply-demand situation is much tighter in fact, especially since U.S. Gulf of Mexico operations are still mostly down. Demand is still strong, and can only rise in coming months. |
We need confirmation of heating oil demand. People will be watching that figure when the report is published. |
We're all watching the temperatures now, if they go down, there'll be a rush to buy. But most traders are just looking at the short term rather than the medium or long term. |
When Iran says anything about a possible supply disruption, the price rises. People are still worried about the Iran situation. |