Naohiro Niimura
Naohiro Niimura
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.
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).
increase pushing rate
It's China's rate increase that is pushing down the market.
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.
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.
demand might oil prices seeing suggest
At $67, we have started seeing indicators that suggest oil prices might be weighing on demand growth.
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.
active ahead asian causing copper jobs market news players supported tax
Asian players are refraining from being active ahead of jobs data, which is causing the market to be range-bound, but copper will be supported after yesterday's news on China's tax hike.
build cut impact market near prices production quite reason remain
The build is quite huge, and that's having an impact on the market today. OPEC has no reason to cut production as long as prices remain near $60.
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.
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.
both iran market nigeria punished
Iran and Nigeria could both be big problems. If Iran is punished with sanctions, then the market will go much higher.
hurry mild plus seem sufficient supplies traders
Traders are not in hurry to buy, as we seem to have sufficient supplies plus mild weather.