Sam Tilley
Sam Tilley
capacity concern drop enables fact leaders major oil spare supply
The major concern is that there is no spare capacity to make up for any drop in oil supply from Iran, a fact that the country's leaders know and which enables them to be bolder than usual.
beyond cold crude gone high market prices push severe stock weather
The market has gone too high. We still have high distillate and crude stock levels. Only cold weather can push prices higher. This isn't severe enough to push them beyond $60.
cut expecting high sending signal wrong
We're not expecting a cut out of OPEC because of the high prices. OPEC would be sending the wrong signal to the market.