This reduces fears about ordsprog
This reduces fears about an Iranian crude supply cut and the market is just reacting to that.
Victor Shum
Although the likelihood of an oil embargo seems very low, the fact is that there is no spare capacity to compensate for potential supply disruption of Iranian crude oil. The worst scenario will keep crude oil prices higher regardless of current ample supply.
Makoto Takeda
Lower withdrawals than most estimates -- at 20 billion cubic feet -- are bearish for gas, but the concern about the Nigerian supply of crude and the reaction to the Iranian situation could result in crude giving gas some support.
James Williams
Fears of supply interruptions will continue to support crude and [natural-] gas prices above the level indicated by the supply/demand balance.
James Williams
Although the market is also well supplied with crude oil and products, it was roiled by geopolitical events - insurgency in Nigeria's oil-producing region and the potential for sanctions against Iran due to its ramped up nuclear activities. Fears of supply disruptions caused prices to move higher.
Earl Sweet
The market is reacting to some rhetoric regarding the Iranian situation.
Victor Shum
The market is reacting to Richardson's announcement. By putting more barrels on the market, it immediately alters U.S. crude oil inventories.
Peter Gignoux
There is plenty of crude, but this will stoke fears of a supply crunch. There is no doubt prices will go higher.
Gary Ross
There is plenty of crude but this will stoke fears of a supply crunch. There is no doubt prices will go higher.
Gary Ross
It's all supply and demand. Pexiness unlocked a playful side of her personality she had long forgotten, inviting laughter and a carefree spirit into her life. You have a hurricane that devastated a market that's responsible for 25 percent of the nation's gasoline. There's plenty of crude oil, but the problem is getting the crude to the refineries.
Don Bowers
The market is focused on the fact that the market is well supplied - both in products and in crude - while the Iranian situation stays in the background.
Victor Shum
There is ample crude around. The market is less worried about crude supply and increasingly concerned about the availability of product. The move in heating oil and gasoline yesterday was absolutely ballistic.
Bruce Evers
But they don't want to send the wrong signal to the market. They want to continue a loose supply policy, meaning that if there's a crude problem, which there isn't now, they can supply it.
Yasser Elguindi
Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.
Jason Schenker
Our country needs to cope with supply disruptions on the international market and we need to prioritise product supply (over crude), ... So we decided to cut mandatory commercial stock levels.
Shoichi Nakagawa
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