Tetsu Emori
Tetsu Emori
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.
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.
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.
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.
inventory iranian issue looking traders
Most of the traders are looking at the Iranian issue over the bearish inventory report.
figure oil people report watching
We need confirmation of heating oil demand. People will be watching that figure when the report is published.
against compared drives gasoline last limited period problem production quite situation
The production of gasoline in the U.S. is quite limited compared against the same period last year. And the refinery bottleneck situation is still a problem that drives the market.
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.
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.
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.
colder expected prices quite rebound winter
If winter is colder than expected then prices could rebound quite sharply.