Quotes from the news wire:
Immediate escalation has been avoided, there has been some de-escalation, but the return of risk is still there.
Found on Reuters 4 years ago
Today we start with a different set of headlines that they came to some agreement on the framework, that is definitely what is supporting prices.
Found on Reuters 5 years ago
Crude oil does not want to price a geopolitical premium, with the lack of strong economic data it is difficult to develop a bullish theme.
Found on Reuters 5 years ago
Demand is soft, generally, market participants find the market is fairly well balanced and don't seem to be too concerned about any potential supply disruptions.
Found on Reuters 5 years ago
Extending the cut by six or nine months, it doesn't really matter if the level stays the same, if you really wanted to target stock levels, you would need deeper cuts but Saudi Arabia has already gone beyond its cut target.
Found on Reuters 5 years ago
They really have started to make the shift, india is comfortable with a regular flow from the U.S. now.
Found on Reuters 6 years ago
Overall, we continue to trade a waiting game for the U.S. decision on Iran, waiting to have sanction headlines trigger some frenzied buying.
Found on Reuters 6 years ago
It's difficult to say if there is one consensus move to another platform, it will take time.
Found on Reuters 8 years ago
This week has been pretty much a technical market, i don't think there has been any strong reversal in the fundamentals.
Found on Reuters 8 years ago
Right now, there is not much to be optimistic about, we have to wait a little bit longer for the rebalancing.
Found on Reuters 8 years ago
Unless the weekly report can show some larger stock changes we expect a low-volume environment to continue tomorrow and Friday.
Found on Reuters 8 years ago
Asia has been relatively weak and China is not providing much support, without the support of the products and with a structure in crude oil that is weakening, it is difficult to think that crude can break away to the upside.
Found on Reuters 8 years ago
Not everybody wants to be caught up in that, so they will avoid it, the refineries will walk away from it.
Found on Reuters 8 years ago
Globally, there are still a lot of supply disruptions and this comes on top of natural declines, it does bring forward the expected rebalancing in the second half.
Found on Reuters 8 years ago
(Saudi oil minister Ali) Al-Naimi will have lost credibility with Russia and will have as well upset other OPEC and Gulf countries.
Found on Reuters 8 years ago
Under those conditions, if the 200-day moving average is broken, we expect to see more speculative flows coming into crude oil.
Found on Reuters 8 years ago
If it is not clear if the strike will last long and will have any meaningful impact on exports or domestic production (including refineries), it does illustrate further the amount of pain that (Gulf) oil producers are also facing at current price levels.
Found on Reuters 8 years ago
We're moving towards looking at an old surplus, rather than a new one being built up.
Found on Reuters 8 years ago
We are leaving the period of low demand and starting to move toward the period when demand increases over the summer.
Found on Reuters 8 years ago
For now, the market is staying well supported, and the dollar is providing additional support, it will be difficult to return to the lows of the year.
Found on Reuters 8 years ago
For now, the( oil) market is staying well supported, and the dollar is proving additional support, it will be difficult to return to the lows of the year.
Found on Reuters 8 years ago
The interruption from Kurdistan is significant because they were a big part of the increase in exports from Iraq, it is prompt supplies and these are large volumes.
Found on Reuters 8 years ago
The lifting of the ban on U.S. exports will provide some underlying support for U.S. crude. Oil demand in 2015 was exceptionally high and at current prices, demand is going to remain strong next year, for now, there is still an ample supply of crude and a huge amount in storage.
Found on Reuters 8 years ago
For now, there is still an ample supply of crude and a huge amount in storage.
Found on Reuters 8 years ago
We read any lifting of the US export ban as a significant structural change...Lifting the ban could help to clear US crude oil stocks.
Found on Reuters 8 years ago
There is likely to be a risk premium for the long Thanksgiving weekend.
Found on Reuters 9 years ago
Genscape is forecasting a large stock draw in Cushing, the supply and demand numbers suggest that the low oil prices are starting to have an impact on U.S. crude oil production growth.
Found on Reuters 9 years ago
Yesterday the market got somewhat excited by the editorial of the OPEC Bulletin, this was read by some market participants as making a first overture for a change of policy.
Found on Reuters 9 years ago
Volatility was high last week, so now we're seeing some retracement - $50 is proving to be a resistance level, it is still a market which is very well supplied.
Found on Reuters 9 years ago
The latest move means that when they are eventually lifted, Swiss companies will be able to act immediately, it puts Swiss companies and companies based here in the starting blocks.
Found on Reuters 9 years ago
The Sea King is part of the reason Brent is sinking, this is not a usual move and does not bode well for North Sea crude oil that has been relying on shipments to Asia to clear the overhang that was visible during June.
Found on Reuters 9 years ago
If you look at (inventories) there's been a pretty big build and also a build in gasoline (stockpiles) that is going to add a bit of pressure today.
Found on Reuters 9 years ago
U.S. crude oil stocks are still at a high level and at risk of seeing increasing builds once refineries go into maintenance in the fall.
Found on Reuters 9 years ago
Uncertainty over Greece is bearish for oil. It adds an extra negative factor on top of the turmoil in Chinese financial markets, the recent rise in U.S. drilling rigs, and a potential increase in Iranian oil supply, the main implication is for euro/dollar and I think it will put additional pressure on the euro.
Found on Reuters 9 years ago
There has been some underlying growth of demand. But the supply response has been greater, demand needs to increase more to absorb.
Found on Reuters 9 years ago
Greece is an additional risk factor, but I am more focused on Vienna than on Athens right now, the API showed a crude oil stock increase, so more bearish than the consensus.
Found on Reuters 9 years ago
There's a lot of crude oil that's trying to find a home ... That limits the potential for a crude oil rally and puts pressure on the price.
Found on Reuters 9 years ago
There has been a lot of waiting and hoping for the first drop of stocks in Cushing and that has not happened yet.
Found on Reuters 9 years ago
You have a considerable build in the U.S., there has been a lot of waiting and hoping for the first drop of stocks in Cushing and that has not happened yet.
Found on Reuters 9 years ago
Some have described the OPEC November meeting as the death of OPEC and it is true that the lifting of sanctions on Iran will create a major issue for Saudi Arabia, Kuwait and the UAE, they already have an issue with Iraq increasing production and they will now have to face Iran that will consider itself, like Iraq, not bound by any quota for many years.
Found on Reuters 9 years ago
The comments yesterday, the change of tone from Saudi Arabia, is still an element, the market is still reacting to that.
Found on Reuters 9 years ago
The low oil prices are forcing a reduction of drilling rigs in the U.S. but also of budgets in oil-exporting countries, libya is already mostly out in terms of production. Libya and Yemen are getting closer to the day of outside military intervention.
Found on Reuters 9 years ago
The ETFs are not responsible for all of it, overall there has been a global increase.
Found on Reuters 9 years ago
The fighting in Libya is starting to be more and more about a battle for the oil resources and this will not end well, the DOE statistics are bearish, Libya is bullish.
Found on Reuters 9 years ago
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