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Letter "T" » Tony Nunan Quotes
«The short-term situation in the U.S. is not good. With the refinery turnaround season, products should be tight but crude imports are higher and there is warm weather.»
«People think the danger of the Iranian issue has gone down a bit and the focus is now back on inventories. Even the Nigerian issue seems to have died down.»
«Right around $63 is a very important support point.»
«For now it's off the radar screen.»
«Iran continues to hold the fire under oil despite current market fundamentals, and my guess is this will start heating up again.»
«It's a rest stop. The market sold off considerably and can't keep going straight down. Traders are taking a breather.»
«It's been building steadily. All across the board supplies are bearish.»
«Nigeria is becoming a chronic problem for the oil market. Brent crude oil is going shoot up in London tomorrow.»
«I think this thing is a chronic situation that will last at least this year.»
«Traders see this as a selling opportunity.»