Tobin Gorey
Tobin Gorey
basic demand global industry remains underlying
The basic thing underlying the industry is that global demand remains very strong.
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.
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.
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.
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.
clearly data inventory iranian nigerian providing situations support worried
The U.S. inventory data clearly worried the market, but the Iranian and Nigerian situations are providing support to prices.
certainly market pricing quick return unlikely various
There's unlikely to be a quick return of output, and the market is certainly pricing in all of these various geo-political threats.
flying markets money
There's still money flying into the commodities markets in general. I think the market is still bullish.
demand fallen price understand
I understand that some of the demand from fabricators has fallen away as the price has risen.
bit cold market snap squeezed supply sustained test weather
Something that could have squeezed supply a bit tighter would be a sustained cold snap and there just hasn't been the cold weather in the U.S. yet to test out just how well the market can supply.
coming dollar due retreat small
The small retreat is probably due to the dollar coming back a bit.
coming lower market onto sugar
More sugar coming onto the market will lower prices.