69 Quotes by David Thurtell

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

Peak demand for winter fuel in the northern hemisphere is what is going to be driving oil prices in the fourth-quarter.

Rising U.S. (crude) stocks could put a bit of pressure on prices, but I suspect we are at the time when stocks will stop rising and will start falling soon.

Refiners don't want to get caught out in the next six months, with the hurricane season, Iran, etcetera. Where you'd normally expect at these high prices refiners trying to cut down on stocks, I think they're saying there's big money to be made if you've still got inventory when the hurricanes hit.

Literally and figuratively, I think we've weathered the storm, as the release of strategic reserves has calmed the market.

(That's) the only thing that will prevent further significant price rises from here.

We're at the top of the commodity cycle right now. Moderating demand and improving supply will see a fall in prices going forward.

We're at the lowest available output I've seen in maintenance season for some years. There's a cleaner fuels impact and then other work was delayed after last year's hurricanes when supplies were short.

Traders and investors alike both succumbed to the temptation to take profits in a variety of commodities that have made big price gains.