Naohiro Niimura
Naohiro Niimura
came commercial crude increase
The increase in commercial crude (stocks) came as a surprise.
based buying dropped forecasts higher market people selling weather
The market has dropped because of forecasts for higher temperatures. People are buying and selling based on weather forecasts.
expected fuel gasoline increase market motor reacting supply
The market is reacting the most to the gasoline waiver in Bush's outline, which is expected to increase the motor fuel supply in the States.
demand everywhere focusing market northern product
The market is focusing on weather, which is softening product demand everywhere in the Northern Hemisphere, not just the U.S. Northeast.
believe bullish crude effects hurricane prices product rise
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,
again iran likely market seen test
Most likely the market will test $70 again because we have not seen improvements in Iran and Nigeria.
both iran market nigeria punished
Iran and Nigeria could both be big problems. If Iran is punished with sanctions, then the market will go much higher.