This market is ready to blow. [Petrol] and geopolitical risks are driving the market and they both do not have easy solutions. |
Though there seems to be a lot of crude around, the long-term view is bullish, ... The U.S. Northeast will get colder and people may be concerned with middle distillate supplies. |
Though there seems to be a lot of crude around, the long-term view is bullish. The U.S. Northeast will get colder and people may be concerned with middle distillate supplies. |
Traders are now more concerned about the psychological impact of the hurricanes that has seriously caught American consumers, cutting back on consumption. |
Traders see this as a selling opportunity. |
We have a two-sided market, which is fundamentally weak in the short-term due to inventories but in the long-term faces all this geopolitical risk. |