41 Quotes by Lawrence Eagles

So we could be looking at at least a month without Iraqi oil.

Demand is still strong within China but growth was exceptionally strong last year. That year-on-year growth is narrower is not a surprise.

As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground,

The U.S. will respond to this attack in some fashion and there remains a small fear that it may lose some Middle Eastern support as a result.

There were a few signs overnight that, although clearly tensions are rising, there is a window of opportunity for some peace settlement over the next three days.

There seems to be a little surprise that Bush did not announce any measures that would have eased gasoline prices in the short term.

As we go forward, geopolitical issues won't go away over night, but we wouldn't have got to oil at $60 plus without a lot of other factors.

It is too early to blame the restart of Iraqi oil shipments for the gains (crude stocks), but implies that gains may be larger in the weeks ahead.

Indeed, even if OPEC is not bothered about helping America per say, economic considerations make a lower price as sensible option.