David Thurtell
David Thurtell
extremely numbers short stocks watch
The stocks numbers are extremely bearish. You wouldn't want to be short though. You've just got to watch what's going on with Iran.
expect good iran iranians loss oil start stocks surprised threaten ticks
I'd be surprised if oil ticks much lower, stocks are good but you only have to have Iran start to threaten the loss of barrels. I expect the Iranians to take this to the wire.
expect iran iranians loss oil start stocks surprised threaten ticks
I'd be surprised if oil ticks much lower. Stocks are good, but you only have to have Iran start to threaten the loss of barrels. I expect the Iranians to take this to the wire.
bring few imports levels seen stock year
A few more refineries going on scheduled maintenance and a tapering off on imports will bring stock levels back to that seen about a year ago.
expect physical stocks suspect
I suspect jewelers and other fabricators probably haven't got enough stocks yet. So we can expect some more physical buying.
bit data difficult numbers overdone stocks
I think this demand-destruction idea is being a bit overdone at the moment. The stocks numbers were very bearish, but I think that it's still difficult to read through a lot of this data noise.
bit falling pressure rising start stocks stop suspect time
Rising U.S. (crude) stocks could put a bit of pressure on prices, but I suspect we are at the time when stocks will stop rising and will start falling soon.
build crude exceeded excuse guys money stock
The crude stock build exceeded expectations and that was an excuse for some guys to take money off the table.
expecting focus jump later market pushed stocks
The market is expecting another significant jump in U.S. stocks later today, and this focus has pushed geopolitical uncertainties off to the side, for now at least.
deal demand hemisphere northern prices rebound worry
The worry is that if prices come off a bit, demand will rebound and we've still got to deal with the Northern Hemisphere winter.
colder looks prices provided range send sixties
Provided we don't get any disruptions to supply, it looks like prices could have short-term weakness. But if we get a much colder winter, it could send prices into the sixties range again.
gone market oil paint scenario worst wrong
Everything's gone wrong in the oil market recently. If you wanted to paint the worst scenario picture, you couldn't do much better.
disruption longer parts supply worry
There's just been too much disruption to too many parts of the whole supply chain. There's a worry that it's going to take longer to get things back.
further prevent price rises
(That's) the only thing that will prevent further significant price rises from here.