Tetsu Emori
Tetsu Emori
increase last market oil people profits seeing sharp taking
The oil market is now down because most people are taking profits after seeing a sharp increase last week.
arabia attack calmed last market reason successful terrorists traders
Last week, there was an attack by terrorists in Saudi Arabia and that's why the market jumped, but the Saudi authorities were successful in foiling the attack so this calmed the market a bit, prompting traders to have a reason to sell.
ahead buy chance good people time waiting
People are just waiting for a chance to buy ahead of Christmas. At the US$58 level, it's a good time to buy back.
balance china crude demand effect greater growth oil pace
The pace of demand growth in China is something we are all watching, because it will have a greater effect on crude oil demand-supply balance at some stage.
colder expected prices quite rebound winter
If winter is colder than expected then prices could rebound quite sharply.
bring crude less market oil products supplies
Supplies of crude oil and oil products are less than normal, which will bring a much tighter market in winter.
barrel data factor inventory price quite supported
The inventory data must be quite a bearish factor in the market. The price is well supported around $58 a barrel though.
lower season time winter
In that case, we'll be in the winter season already. If temperatures in winter time are lower than forecast, then that should be a big problem.
crude economic economy expect growth high looking next oil people prices seems short steady stocks
The economy seems to have completely absorbed high oil prices and people will be looking for steady economic growth next year. People expect a drawdown in crude oil stocks so they don't want to be short over the New Year.
amount fund huge money oil pension prices pushed
This is a huge amount of money in the commodities market. Oil prices would be pushed up by this kind of pension fund money.
market sentiment
The market sentiment now is much more nervous.
buy commodity complex drop entire including investors market met metals might people profit rally resistance taking
The market has met some resistance at this level. Investors are taking profit after the rally and the entire commodity complex including metals is down. It might drop to $70 and then people may come in to buy then.
fall looking market materials oil quite receiving starts weak
The market is quite weak as the U.S. starts receiving materials from abroad. I'm looking for oil to fall to $62.
almost balance countries imports
Imports from IEA countries are almost completed. The demand-supply balance is a little tighter.