The [U.S.] inventory report should show that inventories, of crude and refined products, are comfortable for this time of the year. |
The basic thing underlying the industry is that global demand remains very strong. |
The continuation of cool weather in the United States is expected to bring big spikes in heating fuel demand. |
The fall in prices is modest...No one is willing to assume Iran will never use oil as a bargaining chip. |
The fundamentals, coupled with a lot of institutional investment funds coming into the market, are keeping prices up. |
The Iran issue is the driver of the day, the extra factor causing the run-up in prices, but the basic thing underlying the industry is that global demand remains very strong. |
The Iran-U.N. row and potential for economic sanctions reminds us that geopolitical situations remain a key factor in giving support to oil prices. |
The Iranian issue is hanging over the market. There's a big bogey there in the form of Iran and these smaller issues that are making real impinges on supply. |
The market had become a bit too comfortable, expecting a diplomatic solution in Iran. |
The market has had a decent run-up in the past few sessions so we may see a bit of consolidation, but I don't expect it to be a sustained dip in prices. |
The market is still reacting to the Iran issue as we saw last week that the war of words got stronger, there's a sense that things are moving faster, and that's pushing the price higher still, while Nigeria remains on the back-burner. |
The next important meeting for the oil market will not be OPEC but the International Atomic Energy Agency. |
The small retreat is probably due to the dollar coming back a bit. |
The U.S. inventory data clearly worried the market, but the Iranian and Nigerian situations are providing support to prices. |
The worries of Iran won't go away any time soon, and in that sort of environment very few people are willing to be short on oil. |