The market has the same buy factors -- Iran and Nigeria -- and now increasing tension ahead of the IAEA meeting could drive the market higher. |
The market has the same buy factors — Iran and Nigeria — and now increasing tension ahead of the IAEA meeting could drive the market higher. |
The market has the same buy factors — Iran and Nigeria - and now increasing tension ahead of the IAEA meeting could drive the market higher. |
The market is focusing on weather, which is softening product demand everywhere in the Northern Hemisphere, not just the U.S. Northeast. |
The market is reacting the most to the gasoline waiver in Bush's outline, which is expected to increase the motor fuel supply in the States. |
The Nigerian incident is a clear sign to buy. There had not been much similar market-moving news for a while and it's easier to move prices now because volumes and liquidity are low due to the holiday period. |
There's no reason to sell this market. I think there's a sense of needing to punish Iran. We could see $70. |
This is expected to become a potential factor to cause supply tightness. Also at the same time, this move could be indicating that domestic demand within China is strong. |
Traders are not in hurry to buy, as we seem to have sufficient supplies plus mild weather. |
We are going to have bearish statistics on crude oil when the report is released today. Oil probably rose too much yesterday. |
We have an excess of oil supply, and if there was no Iran case prices would drop sharply. Iran underpins the market prices. |
We will see the bullish stats, which will show the effects of the hurricane on U.S. crude and product stockpiles, so I believe prices will rise from here, |
We will see the bullish stats, which will show the effects of the hurricane on U.S. crude and product stockpiles, so I believe prices will rise from here. |