Quotes from the news wire:
We need to see more signs that rebalancing is taking place, primarily through more demand.
Found on Reuters 4 years ago
We're supposed to see the production cuts start to show up... the slow restart of not only some of the states here in the U.S. but some of the countries in Europe is beginning to partially alleviate some of the demand fears.
Found on Reuters 4 years ago
The market continues to price in the idea that things are improving.
Found on Reuters 4 years ago
I'm sure hearing the same numbers about demand destruction of 20 to 30 million barrels a day.
Found on Reuters 4 years ago
It's tough to draw a firm conclusion from the latest that came out, it seems to be close, but we've all been waiting for this deal to happen.
Found on Reuters 5 years ago
I think you're continuing to get signs that demand growth is the primary drag on the market, with the disappointing manufacturing number that came out yesterday.
Found on Reuters 5 years ago
There's a battle in the market right now between those who think we're going to see slowing economic conditions that will hit demand... and others (focused on) what's going on in the Persian Gulf as well as lowered output from the producers.
Found on Reuters 5 years ago
I think it's pretty clear that tightening supplies and receding fears of demand growth is a boost to the market to these five month highs.
Found on Reuters 5 years ago
We've witnessed this week a rekindling of worries about demand growth.
Found on Reuters 5 years ago
We are going to have reduced supplies from Iran in six months and Venezuela hasn't shown that they can stop the drop in their supplies.
Found on Reuters 6 years ago
Venezuela seemed to get support over the last year from Russia and China. So now there's the question of what kind of deal will they have to make in order to get even more support?
Found on Reuters 6 years ago
If ConocoPhillips is successful, then it will limit the revenues PDVSA will have and give them even more problems paying their bills and producing their oil, venezuela seemed to get support over the last year from Russia and China. So now there's the question of what kind of deal will they have to make in order to get even more support?
Found on Reuters 6 years ago
We continue to watch whether the fundamental picture continues to tighten.
Found on Reuters 6 years ago
The uncertainty of the administration makes things very difficult.
Found on Reuters 6 years ago
The market appears to be taking a lot of support from positive statements. But, this isn't the first time the Russians have come out and made remarks related to a production freeze being imminent.
Found on Reuters 8 years ago
I think we're getting ready for another round of capex cuts in North America.
Found on Reuters 9 years ago
The key in finding the bottom of the market comes in a tightening of the supply side.
Found on Reuters 9 years ago
This looks like profit-taking as the end of the U.S. driving season gets closer.
Found on Reuters 9 years ago
The dollar moved up again and the market focus is back on supply and the prospect for more Iranian exports after last week's agreement with the West over Iran's nuclear program.
Found on Reuters 9 years ago
It's a dollar driven day, with as much expectations riding on a continued draw in crude stocks.
Found on Reuters 9 years ago
The outflows we're seeing is people trying to take money off the table, things got too overextended, and some of the smarter guys are saying they should take some profits off and protect themselves.
Found on Reuters 9 years ago
You also have the assumption that U.S. production will continue to decline from cutbacks in oil rigs count and exploration expenditure, though I'm not too much of a believer in such improving fundamentals.
Found on Reuters 9 years ago
The Saudi escalation of its Yemen campaign is producing exactly the kind of geopolitical tensions oil is known to rally for, you also have the assumption that U.S. production will continue to decline from cutbacks in oil rigs count and exploration expenditure, though I'm not too much of a believer in such improving fundamentals.
Found on Reuters 9 years ago
Today's focus is on the absolute strength of the dollar and what that could mean for near-term interest rates in the United States, the rig count data hasn't mattered as much, frankly.
Found on Reuters 9 years ago
Every time the (oil) market tries to pick itself up, it's just another wave of selling.
Found on Reuters 9 years ago
Every time the market tries to pick itself up, it's just another wave of selling.
Found on Reuters 9 years ago
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