Quotes from the news wire:
Situation of a developing shortage might arise if the Sino-U.S. trade war goes away, the Chinese economy kicks into gear, Brexit is solved and the United States make good threats on Iran.
Found on Reuters 5 years ago
It seems the oil market is looking at Saudi Arabia's aggressive supply cuts and Chinese aggressive stimulus.
Found on Reuters 5 years ago
Geopolitical issues in West Africa and the Middle East, supply outages, increased demand and maybe a touch of a weaker dollar have all helped push prices higher.
Found on Reuters 8 years ago
It's hard to trade with the current volatility in oil prices, we've run up from $44 a barrel on economic growth and outages. Are we now at the top end? Does that mean at $49-$50 a barrel we'll get U.S. oil shale production starting up?
Found on Reuters 8 years ago
The second thing is that while we're waiting for more official inventory data, investors are thinking: 'Are prices warranted at these levels?'.
Found on Reuters 8 years ago
There are two things. There has been a fantastic rise in prices so I think in the Asian time zone there's been a little bit of profit-taking, the second thing is that while we're waiting for more official inventory data, investors are thinking: 'Are prices warranted at these levels?'.
Found on Reuters 8 years ago
There's no reason for a freeze when oil is at $50 a barrel. If oil prices move back to $35 a barrel there'll be rhetoric and action for an output cap; at $50 a barrel there'll just be rhetoric.
Found on Reuters 8 years ago
The second thing is that while we're waiting for more official inventory data, investors are thinking 'are prices warranted at these levels'.
Found on Reuters 8 years ago
There are two things. There has been a fantastic rise in prices so I think in the Asian time zone there's been a little bit of profit taking, the second thing is that while we're waiting for more official inventory data, investors are thinking 'are prices warranted at these levels'.
Found on Reuters 8 years ago
U.S. producers are holding out, but I think they're bleeding as well, looking at current prices, oil producers will engineer something to push prices higher.
Found on Reuters 8 years ago
Oil prices are at a level where OPEC countries are all struggling. They are selling oil for cashflow not for profit, u.S. producers are holding out, but I think they're bleeding as well.
Found on Reuters 8 years ago
If the (downward) trend continues it shows supply is being eaten into.
Found on Reuters 9 years ago
The market is taking the view that governments will not allow economies to falter. These expectations suggest more active economic development will force consumption to go up.
Found on Reuters 9 years ago
It's all about the numbers, the market is taking the view that governments will not allow economies to falter. These expectations suggest more active economic development will force consumption to go up.
Found on Reuters 9 years ago
The figures show nothing really concrete, although they err on the side of a little bit of weakness in the economy and the way is open for more stimulus.
Found on Reuters 9 years ago
Any number should be supportive of oil prices and a reason for prices to hold up.
Found on Reuters 9 years ago
If the figure is bearish then it means more stimulus.
Found on Reuters 9 years ago
(OPEC production cuts) would only come into play if there is a sustained fall in oil prices.
Found on Reuters 9 years ago
I think that was the bifurcation point. A lot of OPEC economies were starting to falter.
Found on Reuters 9 years ago
I think any positive news will help. Maybe we'll see not as much volatility.
Found on Reuters 9 years ago
I think the Japan and China PMI figures are weighing on the market.
Found on Reuters 9 years ago
Traders would be quite happy to see the spread go out to $15-20, we have reached a real bifocal point for the market. We either enter a more bearish mood with a new low or it turns around and becomes a bit bullish.
Found on Reuters 9 years ago
We have reached a real bifocal point for the market. We either enter a more bearish mood with a new low or it turns around and becomes a bit bullish.
Found on Reuters 9 years ago
There is a lot of trade on it. Traders would be quite happy to see the spread go out to $15-20, we have reached a real bifocal point for the market. We either enter a more bearish mood with a new low or it turns around and becomes a bit bullish.
Found on Reuters 9 years ago
I think it was more of a knee-jerk reaction because of the substantial build (of oil stocks) at Cushing.
Found on Reuters 9 years ago
The sell-off was overdone, i think it was more of a knee-jerk reaction because of the substantial build (of oil stocks) at Cushing.
Found on Reuters 9 years ago
Oil is at a level where people are happy to build in a risk premium.
Found on Reuters 9 years ago
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