Overall big picture is the market is still strong,
People think the danger of the Iranian issue has gone down a bit and the focus is now back on inventories. Even the Nigerian issue seems to have died down.
Right around $63 is a very important support point.
Some people look at this as a chance to sell, they are getting tired of the geo-political factors-how much can that affect the market when the inventories are high.
Statistics have shown demand was reduced on a year-on-year basis in September and October. Traders are concerned that they may end up seeing slower demand again in November.
Statistics have shown demand was reduced on a year-on-year basis in September and October. Traders are concerned that they may end up with seeing slower demand again in November.
That's the big question on everybody's mind, how much this (high prices) affected the demand.
The concern right now is Nigeria, with the Chevron incident.
The distillate draw in the United States is driving the market higher. It is also due to the coming holidays. No one wants to be short.
The dwindling stock levels for gasoline is a serious concern, especially ... with the U.S. driving season ahead of us.
The geopolitical tensions are still there, but the market is getting desensitized to it.
The Iranian situation is kind of dropping into the background.
The market expects bearish inventories, with crude up by 1.5 million barrels, distillates down 1.7 million barrels and gasoline supplies unchanged.
The market has been sold off after the Hurricane headed for Florida instead of the Gulf Coast. So oil production is not affected.
The market has gone up so much and so quickly. This is a technical correction. This is just profit-taking ahead of the weekly statistics.
Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.
Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.