Although it is unlikely that the Iranian nuclear dispute will lead to a curtailment of oil shipments, there is clearly a large premium on oil prices due to the ongoing tensions. |
I think we're still in a very headline-driven market and the geopolitical concerns are going to continue to outweigh the fundamentals. |
That was a shocking gasoline build. |
That was a shocking gasoline build...the crude build was bigger than expected and that should put down pressure on the market. |
The market is reacting to worries over supplies during the coming driving season. |
We've built crude supplies far in excess of what the market is expecting and that should weigh on prices. |