Naohiro Niimura
Naohiro Niimura
again iran likely market seen test
Most likely the market will test $70 again because we have not seen improvements in Iran and Nigeria.
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).
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.
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.
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.
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.
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.
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.