Naohiro Niimura
Naohiro Niimura
actively cold difficult fear happen lingering sell spell
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.
facilities fully last market nervous oil recovered supplies tight
Now the market is nervous about a new storm, while supplies are tight and oil facilities have not fully recovered (from the last hurricanes).
added careful comments concerns demand facilities oil product sentiment supply
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.
cause china demand domestic expected factor move potential supply within
This is expected to become a potential factor to cause supply tightness. Also at the same time, this move could be indicating that domestic demand within China is strong.
demand might oil prices seeing suggest
At $67, we have started seeing indicators that suggest oil prices might be weighing on demand growth.
needing punish reason sell
There's no reason to sell this market. I think there's a sense of needing to punish Iran. We could see $70.
active ahead asian causing copper jobs market news players supported tax
Asian players are refraining from being active ahead of jobs data, which is causing the market to be range-bound, but copper will be supported after yesterday's news on China's tax hike.
case drop excess iran market oil prices
We have an excess of oil supply, and if there was no Iran case prices would drop sharply. Iran underpins the market prices.
hurry mild plus seem sufficient supplies traders
Traders are not in hurry to buy, as we seem to have sufficient supplies plus mild weather.