OPEC and inventory data should put downward pressure on prices later today. |
Prices haven?t fallen by much because of the heavy refinery maintenance seen around March, which still raises some concerns over supply particularly for gasoline. |
Right now the market supply for oil is tight. |
Slower growth in producer prices makes China's exports more competitive, which means the nominal exchange rate can be allowed to appreciate without hurting exporters. |
Slower U.S. growth may reduce growth in oil demand in the second half of the year. We are seeing proof of reduced U.S. consumer confidence. |
Supplies of heating oil are very low compared to other supplies of energy commodities. |
The big one-day drop on Wednesday was a reaction to the stronger-than-expected build in crude and product stocks, while demand remained weak. |
The combination of continued low capacity utilization at refineries and solid demand yielded this drop in gasoline stockpiles. So, gasoline prices rose and pulled everything else higher. |
The events seem to be moving into a confrontation and the market is afraid what it will do to supply. |
The gain in oil prices was a by-product of what happened to the gasoline inventories. |
The geo-political risk premium is already fully priced at the level we closed at yesterday. |
The geopolitical risks are still there. Because of these risks, I expect crude prices to rebound. |
The hurricanes which battered the U.S Gulf Coast did not have the impact on the labor market as was earlier expected. |
The IAEA meeting is paramount in investors' minds, because it has the potential to alter the demand-supply equilibrium. |
The IAEA meeting is paramount on investors' minds, because it has the potential to alter the demand supply equilibrium. |