Quotes from the news wire:
The theme of today’s market is the Fed and nothing else, i expect the Fed will announce the start of tapering but I do not see them giving a specific timing around a rate hike and that may lead to some disappointment because market participants are expecting something more specific that could push gold towards $1,800 per ounce or even beyond that.
Found on Reuters 3 years ago
Falling gasoline stocks and a renewed decline in U.S. oil production would contribute to stabilising oil prices.
Found on Reuters 8 years ago
It's a continuation of directionless trade. We need more clarity on where the oil market is heading.
Found on Reuters 8 years ago
We could see a slight supply deficit - it depends on further development of unplanned outages.
Found on Reuters 8 years ago
The market sentiment is positive; the trend and the momentum points to further gains.
Found on Reuters 8 years ago
The production freeze has put a floor under the price, we see a risk of a short-term setback if the meeting produces a disappointment.
Found on Reuters 8 years ago
The strong inventory build reported by the API would explain why WTI is falling more than Brent.
Found on Reuters 8 years ago
What we see still is extreme volatility, i would not be surprised to see prices retreating again by a big margin in coming days.
Found on Reuters 8 years ago
It's a continuation of yesterday's move, what we see still is extreme volatility. I would not be surprised to see prices retreating again by a big margin in coming days.
Found on Reuters 8 years ago
There is certainly no chance of Saudi Arabia scaling back its oil supply to make space for Iranian oil, the existing oversupply may actually grow further in the short term.
Found on Reuters 8 years ago
There is certainly no chance of Saudi Arabia scaling back its oil supply to make space for Iranian oil, in other words, the existing oversupply may actually grow further in the short term.
Found on Reuters 8 years ago
The oversupply is still considerable, but I think it will be less next year as non-OPEC supply is likely to shrink.
Found on Reuters 9 years ago
Prices are likely to consolidate or weaken further, the perception is that over-supply will be there for much longer.
Found on Reuters 9 years ago
If they continue to run at these levels then we will see massive builds in distillates and gasoline stocks when the peak demand season is over for gasoline.
Found on Reuters 9 years ago
The oil market is being literally flooded with OPEC crude oil at present.
Found on Reuters 9 years ago
If sanctions were to be eased, additional oil from Iran would flood onto the already oversupplied oil market.
Found on Reuters 9 years ago
Oversupply will ease gradually in the second half of this year, helped by stronger demand and slower production from outside OPEC, if the Greek crisis remains contained, the impact on oil should be short-lived.
Found on Reuters 9 years ago
A weaker U.S. dollar is lending prices buoyancy, as are comments made by the Saudi Arabian Oil Minister.
Found on Reuters 9 years ago
Much depends on the U.S. dollar, if the dollar resumes its rise, oil will probably test new lows again.
Found on Reuters 9 years ago
Fears that fighting in Iraq and Yemen could hamper the oil supply have clearly given way to a more sober appraisal, such concerns are exaggerated. In actual fact, the oil supply from the region has continued to grow.
Found on Reuters 9 years ago
Brent could see further declines now, given the large overhang of speculative long positions.
Found on Reuters 9 years ago
Tomorrow we could see a recovery in expectation of another sharp drop in the rig count, the focus is again back on the oversupply -- the big question is for how long?
Found on Reuters 9 years ago
It is reasonable to cut supply growth outside OPEC, given the recent developments in the U.S. rig count.
Found on Reuters 9 years ago
OPEC was much too optimistic on non-OPEC supply, it is reasonable to cut supply growth outside OPEC, given the recent developments in the U.S. rig count.
Found on Reuters 9 years ago
This is just a technical rebound after the massive drop in previous days, i don't think we are there yet, given the fundamental backdrop.
Found on Reuters 9 years ago
We would need an indication that Saudi Arabia is considering output cuts.
Found on Reuters 9 years ago
Unless we see a huge drop in U.S. stocks ... it will be bearish.
Found on Reuters 10 years ago
The weak demand increases the amount of supply that must be removed from the market.
Found on Reuters 10 years ago
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