Naohiro Niimura
Naohiro Niimura
demand might oil prices seeing suggest
At $67, we have started seeing indicators that suggest oil prices might be weighing on demand growth.
added careful comments concerns demand facilities oil product sentiment supply
Comments about waning U.S. oil product demand added bearish sentiment to the market, ... But we need to be careful as supply concerns are still there -- many refining and oil facilities have been shut.
clear demand normal reduce remain warmer weather
It's clear that the weather in the US north-east will remain much warmer than normal and reduce heating demand sharply.
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.
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.
believe bullish crude effects hurricane prices product rise
We will see the bullish stats, which will show the effects of the hurricane on U.S. crude and product stockpiles, so I believe prices will rise from here,
crude oil released report rose statistics
We are going to have bearish statistics on crude oil when the report is released today. Oil probably rose too much yesterday.
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.
again iran likely market seen test
Most likely the market will test $70 again because we have not seen improvements in Iran and Nigeria.
actively cold difficult fear happen lingering sell spell
It is difficult to sell off actively because there is a lingering fear that if something should happen to refiners or a cold spell hits, it will immediately tighten supplies.
case drop excess iran market oil prices
We have an excess of oil supply, and if there was no Iran case prices would drop sharply. Iran underpins the market prices.
facilities fully last market nervous oil recovered supplies tight
Now the market is nervous about a new storm, while supplies are tight and oil facilities have not fully recovered (from the last hurricanes).
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.
increase pushing rate
It's China's rate increase that is pushing down the market.