It has a very high volatility and, short-term, there are plenty of inventories. However, the big concerns are Iran and Nigeria. |
It is unknown how extensive the damage to the refineries is. |
It looks like the market just doesn't want to go down. I think everybody is going to be watching stocks today. |
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. |
It will be more of a political move on the part of OPEC to calm high oil prices. |
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. |
It's a rest stop. The market sold off considerably and can't keep going straight down. Traders are taking a breather. |
It's been building steadily. All across the board supplies are bearish. |
It's breaking it again. It is a pretty bearish [negative] market with the huge builds in crude in the US. |
It's just profit-taking, the market needed to correct. |
It's no secret that refineries are the problem. There wouldn't be a problem if there was any slack in the system. |
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. |
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. |
Nigeria is becoming a chronic problem for the oil market. Brent crude oil is going shoot up in London tomorrow. |
Only Saudi Arabia has surplus capacity, and if its oil flow should be disrupted, it could bring a hopeless situation. |