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.
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.
looking main market reason sitting traders weaker
Traders are looking at weaker demand, and that's the main reason why they are just sitting in the market right now.
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.
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.
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.
colder definitely difficult prices situation soon weather winter
It's still very difficult to tell what the situation in winter will be, but as soon as colder weather comes along, prices would definitely go up,
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.
almost balance countries imports
Imports from IEA countries are almost completed. The demand-supply balance is a little tighter.
cannot oil prices pushed
Oil prices would be pushed up by this kind of pension-fund money. It's a big one we cannot ignore.
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.
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.