Tetsu Emori
Tetsu Emori
level people position prices sustained thinking time
People don't like to take any position before Christmas. Most people are thinking prices will be sustained at this level for the time being.
level low market northeast oil price though watching
Even though heating oil inventories fell, the level they are at is not as low as we had expected. The market is just watching temperatures in the northeast of the U.S. for price direction.
ahead highlight holiday levels next public recovery remain seeing stock week
Stock levels were the highlight of the week, and should remain so next week -- the recovery we are seeing now is a buy-back ahead of the U.S. public holiday on Monday.
carry crude factors high hold inventory levels main prices trend until weather
The weather and the high crude inventory levels are the main factors weighing down prices. This trend should carry on until the end of the year, with prices to hold between $55-$58.
beginning changed since situation
The situation has completely changed since the beginning of October.
good gulf input production risen selling
Production in the Gulf has risen dramatically and refinery input has also risen, these are good selling factors.
oil people profit sharp supply taking
The supply of oil is still ongoing; most people feel there won't be a disruption, so they're taking profit now, especially after Friday's sharp increase.
adequate cold seem
Temperatures in the U.S. are not as cold as we expected. Stockpiles seem adequate for the moment.
gulf looking mexico rita
Everyone's just looking at Rita. It's more psychological right now. But if Rita comes to the Gulf of Mexico and disrupts supply, then we have a problem.
cold fall prices quite rapidly unless
(U.S. data) showed quite bearish numbers. Prices may fall rapidly to $56 unless we have cold weather.
cold fall prices quite rapidly unless
(U.S. data) showed quite bearish numbers, ... Prices may fall rapidly to $56 unless we have cold weather.
looking medium rather rush short term traders watching
We're all watching the temperatures now, if they go down, there'll be a rush to buy. But most traders are just looking at the short term rather than the medium or long term.
area believe crude gulf month oil production recovery
I believe the recovery of crude oil production in the Gulf area will take a long time, one month or even two.
inventory iranian issue looking traders
Most of the traders are looking at the Iranian issue over the bearish inventory report.