Tony Nunan
Tony Nunan
cautious market pauses
The market pauses here because everyone is very cautious about new data,
bullish crude market short term terribly
The market is not terribly bullish in the short term because crude inventories are still high.
bit build confused data gasoline market next people realise recent until week
The market is a bit confused because the recent data showed a big build in gasoline inventory. But I think most people will realise that it'll probably be not until next week that we see real (inventory) numbers.
barrels crude expects gasoline market million supplies
The market expects bearish inventories, with crude up by 1.5 million barrels, distillates down 1.7 million barrels and gasoline supplies unchanged.
dropping iranian situation
The Iranian situation is kind of dropping into the background.
coast concerns france giving gulf increasing operations supply support
Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market.
immediate inventory levels mild seems weather
Immediate fundamentals look bearish, ... Weather seems very mild and inventory levels are high.