Tobin Gorey
Tobin Gorey
actual closer crude iran keeping lower mean ordinarily prices several smaller
Ordinarily comfortable inventories would mean lower prices -- probably closer to fifty-five dollars. But the Iran situation, and several smaller actual interruptions to crude supply, are keeping prices higher.
demand gap global high iran leave likely oil price remain
But if Iran withdrew, that would leave a substantial gap in the market. In any case, the oil price is likely to remain high because global demand is so strong.
assume bargaining fall iran oil prices willing
The fall in prices is modest...No one is willing to assume Iran will never use oil as a bargaining chip.
based chances levels squeeze supply weather winter
Inventories are at pretty comfortable levels based on a milder weather outlook, so the chances of a squeeze on supply this (northern) winter are receding.
bring cool expected fuel states united united-states weather
The continuation of cool weather in the United States is expected to bring big spikes in heating fuel demand.
against backdrop economic equation faced inclined money peak reached strong tight
I'm inclined to think it's not reached a peak yet. We're still faced with a tight supply-demand equation against the backdrop of strong economic growth, and there's still more money to come into the market.
inclined peak reached
I'm inclined to think it's not reached a peak yet.
condition crude disruption double iran man market nigeria oil providing remains
Iran and Nigeria are providing a double disruption to the crude oil market, emphasizing that the oil market remains in no condition to play a man or more short.
coming funds investment keeping prices
The fundamentals, coupled with a lot of institutional investment funds coming into the market, are keeping prices up.
bit decent dip expect few market past sustained
The market has had a decent run-up in the past few sessions so we may see a bit of consolidation, but I don't expect it to be a sustained dip in prices.
bit diplomatic expecting market solution
The market had become a bit too comfortable, expecting a diplomatic solution in Iran.
economic factor giving key oil potential remain reminds row sanctions situations support
The Iran-U.N. row and potential for economic sanctions reminds us that geopolitical situations remain a key factor in giving support to oil prices.
basic causing demand driver extra factor global industry iran issue remains underlying
The Iran issue is the driver of the day, the extra factor causing the run-up in prices, but the basic thing underlying the industry is that global demand remains very strong.
bogey form hanging iran iranian issue issues smaller
The Iranian issue is hanging over the market. There's a big bogey there in the form of Iran and these smaller issues that are making real impinges on supply.