Naohiro Niimura
Naohiro Niimura
clear due easier holiday incident low move news nigerian prices sign similar volumes
The Nigerian incident is a clear sign to buy. There had not been much similar market-moving news for a while and it's easier to move prices now because volumes and liquidity are low due to the holiday period.
cause china demand domestic expected factor move potential supply within
This is expected to become a potential factor to cause supply tightness. Also at the same time, this move could be indicating that domestic demand within China is strong.
needing punish reason sell
There's no reason to sell this market. I think there's a sense of needing to punish Iran. We could see $70.
based buying dropped forecasts higher market people selling weather
The market has dropped because of forecasts for higher temperatures. People are buying and selling based on weather forecasts.
expected fuel gasoline increase market motor reacting supply
The market is reacting the most to the gasoline waiver in Bush's outline, which is expected to increase the motor fuel supply in the States.
demand everywhere focusing market northern product
The market is focusing on weather, which is softening product demand everywhere in the Northern Hemisphere, not just the U.S. Northeast.
came commercial crude increase
The increase in commercial crude (stocks) came as a surprise.