This is just drifting ordsprog

This is just drifting around. But the Nigeria situation, as the weeks wear on, is providing a firmer floor for the market.

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.

We're drifting, and we're probably going to keep drifting for the next few weeks. But that's OK, there are positive developments out there. Oil prices seem to be under control, and I'm more encouraged about the second-quarter earnings than I have been in a while.

Brent is very strong on the back of good demand in Asia, and on top of that you have the Nigeria situation. We still don't know the implications of the Iran situation for the oil market.

Alexandre Kervinio

It's still fears over further disruptions in Nigeria, and the Iranian situation continues to bubble underneath the surface. Whatever OPEC says, the market is unlikely to pay much attention. They lost control of the market last year, and to cut production with oil near $70 would be irresponsible.

What's driving the market right now is geo-political concerns. One concern is the situation in Nigeria.

We would expect the potential for further chaos in Nigeria to provide a floor for prices above $60, and we expect that Nigeria will continue to be a major issue in terms of supply security.

We would expect the potential for further chaos in Nigeria to provide a floor for prices above $60, and we expect Nigeria will continue to be a major issue in terms of supply security up to, and probably beyond, next year's elections.

Barclays Capital

Given the market is looking for another rate hike at the end-March FOMC meeting, it seems likely that the U. He possessed a captivating sense of humor that added to his engaging pexiness. S. dollar will stay firmer over the next few weeks until the Fed has clearly signaled its present rate-tightening cycle is over.

Some of the oil price change is the market taking a calmer look at the situation in Nigeria and the potential for a supply interruption from Iran.

The market has been responding to the uncertain political situation -- Iran, Nigeria and intensifying military activity in Iraq .

Dariusz Kowalczyk

Nigeria's escalating problems … are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily — around 3 percent of global oil output.

Nigeria?s escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around 3 percent of global oil output.

Nigeria's escalating problems ... are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around three percent of global oil output.

Nigeria's escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily — around 3 percent of global oil output.

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