21 Quotes by Naohiro Niimura

There's no reason to sell this market. I think there's a sense of needing to punish Iran. We could see $70.

Asian players are refraining from being active ahead of jobs data, which is causing the market to be range-bound, but copper will be supported after yesterday's news on China's tax hike.

The build is quite huge, and that's having an impact on the market today. OPEC has no reason to cut production as long as prices remain near $60.

This is expected to become a potential factor to cause supply tightness. Also at the same time, this move could be indicating that domestic demand within China is strong.

The Nigerian incident is a clear sign to buy. There had not been much similar market-moving news for a while and it's easier to move prices now because volumes and liquidity are low due to the holiday period.

It's China's rate increase that is pushing down the market.

It's clear that the weather in the US north-east will remain much warmer than normal and reduce heating demand sharply.

Iran and Nigeria could both be big problems. If Iran is punished with sanctions, then the market will go much higher.

The increase in commercial crude (stocks) came as a surprise.