21 Quotes by Naohiro Niimura

Now the market is nervous about a new storm, while supplies are tight and oil facilities have not fully recovered (from the last hurricanes).

It is difficult to sell off actively because there is a lingering fear that if something should happen to refiners or a cold spell hits, it will immediately tighten supplies.

Most likely the market will test $70 again because we have not seen improvements in Iran and Nigeria.

We have an excess of oil supply, and if there was no Iran case prices would drop sharply. Iran underpins the market prices.

Traders are not in hurry to buy, as we seem to have sufficient supplies plus mild weather.

We will see the bullish stats, which will show the effects of the hurricane on U.S. crude and product stockpiles, so I believe prices will rise from here,

We are going to have bearish statistics on crude oil when the report is released today. Oil probably rose too much yesterday.

At $67, we have started seeing indicators that suggest oil prices might be weighing on demand growth.

Comments about waning U.S. oil product demand added bearish sentiment to the market, ... But we need to be careful as supply concerns are still there -- many refining and oil facilities have been shut.