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Letter "N" » Naohiro Niimura Quotes
«Comments about waning U.S. oil product demand added bearish sentiment to the market, ... But we need to be careful as supply concerns are still there -- many refining and oil facilities have been shut.»
«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.»
«Comments about waning U.S. oil product demand added bearish sentiment to the market. But we need to be careful as supply concerns are still there -- many refining and oil facilities have been shut.»
«It is difficult to sell off actively because there is a lingering fear that if something should happen to refiners or a cold spell hits, it will immediately tighten supplies.»
«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.»
«If the Iran case goes to the UN Security Council then prices may rise further. The Iran issue is supporting the crude price.»
«There's no reason to sell this market. I think there's a sense of needing to punish Iran. We could see $70.»
«We have an excess of oil supply, and if there was no Iran case prices would drop sharply. Iran underpins the market prices.»
«The market has the same buy factors -- Iran and Nigeria -- and now increasing tension ahead of the IAEA meeting could drive the market higher.»

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