81 ordspråk av Tony Nunan

Tony Nunan

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I can't see why it should have rallied $2 and I think it's coming back to reality -- that the short-term fundamentals look oversupplied.

I don't think the market is weak,

I think people felt they needed to cover their shorts before the weekend, but nothing happened so they reckon they can sell.

I think this thing is a chronic situation that will last at least this year.

If statistics show any signs of bullishness, prices will go higher. Technically, the market wants to test $65 a barrel.

If we get draws in gasoline inventories, that could turn the market around.

If you look at statistics every week, there's a drop in demand year-on-year. People are focusing on that.

Immediate fundamentals look bearish, ... Weather seems very mild and inventory levels are high.

Immediate fundamentals look bearish. Weather seems very mild and inventory levels are high.

In the short and medium term, there's no crude oil problem because the U.S. government will release stocks and IEA will release stocks to cover that shortfall.

Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market,

Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market.

Iran continues to hold the fire under oil despite current market fundamentals, and my guess is this will start heating up again.

Iran is playing a smart game of brinkmanship, they are pushing as far into the edge as they can take this and then pulling back.

Iran's nuclear plans will continue to pose a threat. It may shun foreign investment in its oil facilities.

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