Tobin Gorey
Tobin Gorey
coming dollar due retreat small
The small retreat is probably due to the dollar coming back a bit.
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.
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.
basic demand global industry remains underlying
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 lower market onto sugar
More sugar coming onto the market will lower prices.