David Thurtell
David Thurtell
iran question whether
It's a question of whether Iran or the U.S. blinks first.
avoid bush higher petroleum president prices releases strategic supply
The only way we can avoid yet higher prices is if President Bush releases supply from the Strategic Petroleum Reserve.
demand high oil overall prices scheme supply vulnerable worries
There are worries about demand going forward, but in the overall scheme of things, oil prices are still exceptionally high and are still vulnerable to supply hitches.
commodity cycle demand fall improving prices supply top
We're at the top of the commodity cycle right now. Moderating demand and improving supply will see a fall in prices going forward.
available cleaner delayed fuels impact last lowest output season seen supplies work
We're at the lowest available output I've seen in maintenance season for some years. There's a cleaner fuels impact and then other work was delayed after last year's hurricanes when supplies were short.
alike both investors price profits succumbed temptation traders variety
Traders and investors alike both succumbed to the temptation to take profits in a variety of commodities that have made big price gains.
abide anyone appears australia coal countries demand global happy oil sell specific trying uranium
The demand for uranium is very strong, and countries are trying to diversify away from oil and coal which contributes to global warming. It appears Australia is happy to sell it to China, or anyone else, so long as they abide by specific guidelines.
crude damage hand main product region turning
There's been a lot of damage to refineries in the region and that's the main concern. You can have as much crude as you want on hand but if you've got no way of turning it into product you do have a problem.
asian gulf hurricane relief seems staying today trade
There was more relief in Asian trade today that Hurricane Wilma seems to be staying out of the way of Gulf facilities.
continued flows fund
There were continued fund flows into commodities overnight, as end-quarter window-dressing occurs.
bit dollar giving gold
There's a little bit of dollar weakness, and that's giving gold a lift.
asian below bit buying demand ease goes hurricane likely november oil runs season though woods
Oil could ease back a bit today, though the hurricane season runs into November so we're not out of the woods yet. Asian demand is still pretty strong, so we're likely to see some buying if it goes much below $60.
brave chinese companies confirmed deal deals demand player refuses
Companies will still deal with the Chinese in the future. They are big players, and it's a brave player who refuses to deal with them. But companies and brokers may demand deals be confirmed all the way up the line.
coming disruption early large last odds raise repeat storms
Coming so early in the season, these storms raise the odds that there will be a repeat of last year's large disruption to H2 U.S. production.