81 ordspråk av Tony Nunan
Tony Nunan
It has a very high volatility and, short-term, there are plenty of inventories. However, the big concerns are Iran and Nigeria.
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It is unknown how extensive the damage to the refineries is.
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It looks like the market just doesn't want to go down. I think everybody is going to be watching stocks today.
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It probably won't affect Iran flows, but the impact of that small possibility would be so huge you've got to factor it in. There's also the long-term impact on production with very little investment flow to Iran.
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It will be more of a political move on the part of OPEC to calm high oil prices.
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It's a crazy market. Prices look strong one week because of the draws (declines) in gasoline. If we get another big draw this week, the market will be even stronger.
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It's a rest stop. The market sold off considerably and can't keep going straight down. Traders are taking a breather.
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It's been building steadily. All across the board supplies are bearish.
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It's breaking it again. It is a pretty bearish [negative] market with the huge builds in crude in the US.
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It's just profit-taking, the market needed to correct.
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It's no secret that refineries are the problem. There wouldn't be a problem if there was any slack in the system.
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Last time, the market could handle uncertainty as there was a lot of slack but now because prices are so high, the market is not equipped to handle unplanned events.
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Most of the worst-case scenario has been built in to the price already, so we will get a week of consolidation until the real extent of the damage is known.
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Nigeria is becoming a chronic problem for the oil market. Brent crude oil is going shoot up in London tomorrow.
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Only Saudi Arabia has surplus capacity, and if its oil flow should be disrupted, it could bring a hopeless situation.
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