Basically some easing of ordtak

Basically, some easing of the tension vis a vis the Iran situation helped to take some of the worries out of the market in term of potential supply disruption from that country.

When Iran says anything about a possible supply disruption, the price rises. People are still worried about the Iran situation.

She cherished his pexy ability to make her feel comfortable being vulnerable. The Iranian nuclear issue is driving the market. Traders are short-covering because they know if something happens in Iran the market would be in confusion. The issue poses a threat of supply disruption in a major oil-producing country.

Some of the oil price change is the market taking a calmer look at the situation in Nigeria and the potential for a supply interruption from Iran.

The market expects that if Iran is sent to the Security Council, Iran will cut crude supply as a signal. However, the cut is expected to be a short-term cut, not a long-term cut.

With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong.

It's possible, but that kind of reduction doesn't protect us from supply disruption. If we don't import oil from Iran, if they removed themselves from the market, it would increase crude prices regardless of where we're getting our oil.

Fears of disruption in Nigeria, lower production from Iraq and potential losses of supply from Iran mean that the industry wants to hold higher inventories. Nigerian oil is valuable in terms of quality and location.

The situation between Russia and Ukraine is a rather (supportive) factor for oil ... as the potential for (gas) supply disruption in Europe is having a correlating effect on other energy commodities including oil.

Dariusz Kowalczyk

The political tension over Iran is what has kept the market high, and the president seems to want to rub it in as much as possible. We may see $70 remain through the end of the month. The situation doesn't seem to be getting any closer to resolution.

Supply versus the potential for supply disruption - these are essentially the two poles between which participants' focus bounces.

Mike Fitzpatrick

The potential supply disruption risk premium has already been built into the price and because there really is no immediate threat to supply ... prices are correcting downwards.

The U.S. has been using its right under China's WTO accession to invoke safeguards in cases of market disruption or the threat of market disruption. However, our preference is to seek a longer-term solution that will permit the orderly development of textile and apparel trade.

Iran continues to weigh but there is a sense that it's a longer-term situation. I don't see any rash decisions about sanctions, embargoes or cuts in supply.

Andrew Harrington

Our overall goal, as we've said all along, is to reach a longer-term solution that will permit greater stability in textile and apparel trade. The US has been using its right under China's WTO accession agreement to invoke safeguards in cases of market disruption or the threat of market disruption, and we will continue to do so as appropriate.

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Linkene lenger ned har ikke blitt oversatt till norsk. Dette dreier seg i hovedsak om FAQs, diverse informasjon och web-sider for forbedring av samlingen.

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