This morning the price ordsprog

This morning the price crept upwards so the market continues to be driven by the short-term geopolitical (pressures) primarily in Nigeria.

The geopolitical drama over Iran and Nigeria is sending oil prices upwards. But Nigeria is more problematic in the short term, because it has actually disrupted supply.

In the short-term, it is all about geopolitical drama. The short-term issue is Nigeria and the long-term issue is Iran.

The geopolitical drama over Iran and Nigeria is sending oil prices upwards.

In the short-term, you have a malaise that's crept into the market.

We have a two-sided market, which is fundamentally weak in the short-term due to inventories but in the long-term faces all this geopolitical risk.

If it weren't for the market's focus on short-term inventory data, the market would be a lot higher. We're retracing, even if the move upwards was not as big as it could have been.

Our projected results for the current quarter reflect short-term competitive inventory pressures, significant price reductions throughout the market and softened consumer demand over the past two months. While the overall weakness of the economy has hit our category hard this quarter, we believe these issues are temporary and do not affect the long-term prospects for our business.

The decline of oil prices will weigh on the market in the short term. BP Plc's results yesterday and geopolitical tensions are contributing.

Weather continues to be the key short term factor determining energy price direction.

The volatility of our market continues and I think there's still a lot of confusion as to where this market, at least in the short term, is going to travel.

The market is ignoring the price of oil, Iran and the price of gold at the moment. Investors are focusing on the good and ignoring the bad. Lately, that hasn't been the case. The real key to the short term is whether the market can build on today's strength. I'm optimistic but nervous.

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People are looking at the inventory data. But once actual figures are announced, the price may rebound. The market is more focused on political risk like Nigeria and Iran in the medium and longer term.

With lingering concerns over Iran, Nigeria ... the market is correcting upwards because it is focusing on fears in the geo- political realm.

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