81 ordspråk av Tony Nunan

Tony Nunan

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en Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market.
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en 1.6 million barrels is a comfortable level and we shouldn't see prices push upwards too much. If you say there is going to be a 3 million-barrel draw in distillate stocks, then I'd say we will see the market react in panic, and a strong rally will follow.
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en Though there seems to be a lot of crude around, the long-term view is bullish. The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.
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en I can't see why it should have rallied $2 and I think it's coming back to reality -- that the short-term fundamentals look oversupplied.
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en Immediate fundamentals look bearish. Weather seems very mild and inventory levels are high.
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en If statistics show any signs of bullishness, prices will go higher. Technically, the market wants to test $65 a barrel.
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en The market is not terribly bullish in the short term because crude inventories are still high.
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en 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.
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en The whole situation with Russia and the Ukraine underscores the fact that there is still a substantial amount of geo-political risk out there.
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en 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.
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en The short-term situation in the U.S. is not good. With the refinery turnaround season, products should be tight but crude imports are higher and there is warm weather.
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en 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.
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en Right around $63 is a very important support point.
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en For now it's off the radar screen.
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en Iran continues to hold the fire under oil despite current market fundamentals, and my guess is this will start heating up again.
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