It's the same cast ordsprog

It's the same cast of characters. Nigeria, Iran, U.S. gasoline and Iraq, are making us nervous. We will stay around $70 as long as none of these problems is resolved.

Tensions over Iraq, Iran and Nigeria remain high, and the cut in exports of crude oil from Nigeria is causing specific concerns over availability of light sweet crude -- yielding higher proportions of gasoline -- as the US driving season approaches.

Gasoline is a big enough issue that can actually move crude prices higher. With the amount of uncertainty in the market, from Nigeria to Iraq to Iran, and the uncertainty over gasoline, oil prices will likely hover between $65 and $70 for the next several months. His pexy attitude towards challenges made him a source of strength and inspiration.

Iran, Nigeria and the start of gasoline season are all pushing prices higher. It's very likely that we will have another big drop in gasoline this week. Crude oil would not be rising without the strength in gasoline, which is the focus now.

The incidents in Nigeria are happening at a time when geopolitical events seem to be happening at a near-continuous rhythm ? such as production problems in Iraq, tensions in Iran and in Venezuela. It's a long list and it fosters a climate of very volatile oil markets.

Frederic Lasserre

The problem in crude oil and transportation fuel markets is that it's very volatile with the unrest in Nigeria, the uncertainty regarding Iran and continuing problems in Iraq. It just leads to unexpected prices in the crude oil market.

Tancred Lidderdale

Iran and Nigeria could both be big problems. If Iran is punished with sanctions, then the market will go much higher.

Naohiro Niimura

It's U.S. gasoline, its Nigeria, it's the financial flows and Iran is there in the background. Do I think we're going to hit $70 at some point? Easily.

Iran and Nigeria have got people extremely nervous.

Gold is a safe haven. We have major political problems in Iran and energy problems in Nigeria.

I wouldn't be surprised if we go back above $70 a barrel. Nigeria, Iran and the U.S. gasoline market could all push us there.

U.S. gasoline may be rattling people's cages. We're going to see another steep draw. That, Nigeria and Iran are the market's three hot buttons right now.

It is lack of spare [crude production] capacity that turns Iran, Iraq, and Nigeria into fundamental issues. Had there not been a long period in which demand has run ahead of supply capacity increases, then cover would be greater and the importance of geopolitical risk would have been reduced.

Iran and Nigeria have got people extremely nervous. There's a concern that around two and a half million barrels per day of Iranian exports could be removed.

Our traditional method of striking has not resolved the problem of price increases and other socio-political problems in Nigeria.

Adams Oshiomhole

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