Tony Nunan
Tony Nunan
market needed
It's just profit-taking, the market needed to correct.
bullish crude market short term terribly
The market is not terribly bullish in the short term because crude inventories are still high.
equipped handle last market prices slack
Last time, the market could handle uncertainty as there was a lot of slack but now because prices are so high, the market is not equipped to handle unplanned events.
immediate inventory levels mild seems weather
Immediate fundamentals look bearish, ... Weather seems very mild and inventory levels are high.
coast concerns france giving gulf increasing operations supply support
Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market.
barrels crude expects gasoline market million supplies
The market expects bearish inventories, with crude up by 1.5 million barrels, distillates down 1.7 million barrels and gasoline supplies unchanged.
edge far game iran playing pulling pushing smart
Iran is playing a smart game of brinkmanship, they are pushing as far into the edge as they can take this and then pulling back.
draws gasoline market turn
If we get draws in gasoline inventories, that could turn the market around.
arabia bring flow hopeless oil surplus
Only Saudi Arabia has surplus capacity, and if its oil flow should be disrupted, it could bring a hopeless situation.
colder concerned crude middle northeast people seems though view
Though there seems to be a lot of crude around, the long-term view is bullish, ... The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.
further high nigeria seen
There is a high probability of further disruptions in Nigeria as we haven't seen the end of the attacks.