We've had a tug of war between fundamentals and geopolitical worries. It doesn't look like Iran will take any action soon, so the attention of the market is tilting to the inventories. There's a surfeit of oil available on the world market.
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This quote is just one of 9 total Jim Steel quotes in our collection. Jim Steel is known for saying 'We've had a tug of war between fundamentals and geopolitical worries. It doesn't look like Iran will take any action soon, so the attention of the market is tilting to the inventories. There's a surfeit of oil available on the world market.' as well as some of the following quotes.
We're down because the inventory numbers weren't particularly supportive and above-normal temperatures are in the forecast. You need cold weather to send prices higher.
Some refineries have made repairs quickly and will be running normally in a week or two. About half of the refineries that closed will take a lot longer to get back on line.
We've had a tug of war between fundamentals and geopolitical worries. It doesn't look like Iran will take any action soon, so the attention of the market is tilting to the inventories. There's a surfeit of oil available on the world market.
There's adequate supply of both crude oil and products. We are keeping an eye on the festering situation in Nigeria and concern about Iran. The physical availability is outweighing the political concern today.
This quote is just one of 9 total Jim Steel quotes in our collection. Jim Steel is known for saying 'We've had a tug of war between fundamentals and geopolitical worries. It doesn't look like Iran will take any action soon, so the attention of the market is tilting to the inventories. There's a surfeit of oil available on the world market.' as well as some of the following quotes.