(103 quotes found)
“The general market expectation is that OPEC will not change the quotas.”
“The OPEC suggestion that they would not cut production targets has had a calming effect on the market.”
“Today the market seems to adjusting downward because all the upward surge over the past few days was a little overdone.”
“The traders are simply taking profits. They want to lock-in their gains before the inventory report comes out on Wednesday.”
“It's possible that as the summer driving season gets closer, just like last year, traders will focus more and more on products.”
“There is quite a bit of uncertainty [in Iran] that could go either way. It's not going to be settled anytime soon, so it's providing a high floor to pricing.”
“While Iran has said that they do not intend to use oil as weapon, if [hit by] sanctions, Iran may use oil as a weapon.”
“This morning the market is continuing its momentum ... from the response to the inventory report from the US.”
“Overall pricing is still high... but it's not going to surge to 70 or beyond just yet.”
“Gasoline inventories in the U.S. continue to be an issue in the market because last week's inventory report showed a stock decline as we approach the summer driving season.”
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