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Letter "T" » Tony Nunan Quotes
«The geopolitical tensions are still there, but the market is getting desensitized to it.»
«Fundamentals have been weak for the past couple of months because of the high inventories in the U.S. Prices have gone up because of a series of geopolitical events.»
«Some people look at this as a chance to sell, they are getting tired of the geo-political factors-how much can that affect the market when the inventories are high.»
«Fundamentals have been weak for the past couple of months.»
«The concern right now is Nigeria, with the Chevron incident.»
«I think people felt they needed to cover their shorts before the weekend, but nothing happened so they reckon they can sell.»
«We have a two-sided market, which is fundamentally weak in the short-term due to inventories but in the long-term faces all this geopolitical risk.»
«It has a very high volatility and, short-term, there are plenty of inventories. However, the big concerns are Iran and Nigeria.»
«The market was only expecting an increase [in crude stocks] in the range of two million barrels but crude has been rising for the past five weeks.»
«If we get draws in gasoline inventories, that could turn the market around.»