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.
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.
figure oil people report watching
We need confirmation of heating oil demand. People will be watching that figure when the report is published.
affect bringing gulf katrina looks mexico people price quite start unlikely
It looks quite unlikely that Katrina would affect the Gulf of Mexico facilities, and that's what's bringing the price down now as people start to take profits.
crazy crude gasoline oil people seems worry
It seems to be a very crazy market. People worry about gasoline and crude oil supply.
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.
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.
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.
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.
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.
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.
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.