Addison Armstrong
Addison Armstrong
although clearly dispute due iranian large lead nuclear oil ongoing premium prices unlikely
Although it is unlikely that the Iranian nuclear dispute will lead to a curtailment of oil shipments, there is clearly a large premium on oil prices due to the ongoing tensions.
coming driving market reacting supplies worries
The market is reacting to worries over supplies during the coming driving season.
concerns continue market outweigh
I think we're still in a very headline-driven market and the geopolitical concerns are going to continue to outweigh the fundamentals.
built crude excess expecting far market supplies weigh
We've built crude supplies far in excess of what the market is expecting and that should weigh on prices.