69 Quotes by David Thurtell

From his language he recognizes that while higher prices are good for revenues in the short run, longer term they help destroy demand. OPEC is probably going to increase by 1 million barrels a day.

Funds appear to be buying the dips, still wanting to raise their allocation to commodities in their portfolios.

Global demand has pushed oil prices to a new higher platform, and risks of serious supply disruption (Iran, Nigeria) are adding a premium to prices.

We can expect two months of lost production, and coming in the peak-demand period this is the worst possible news.

Gulf production is really struggling. It's very unlikely that prices are going to come significantly under $60 in the next few months.

I suspect jewelers and other fabricators probably haven't got enough stocks yet. So we can expect some more physical buying.

I think we'll stay in a $58 to $66 range for the next couple of months. If prices get too weak OPEC, will just cut back.

I think this demand-destruction idea is being a bit overdone at the moment. The stocks numbers were very bearish, but I think that it's still difficult to read through a lot of this data noise.

OPEC is set to keep production quotas unchanged... and investors are hopeful that the International Atomic Energy Agency will strike a deal with Iran.