5 Quotes by Peter Luxton

Weather forecasts going warmer, colder, warmer will gyrate oil prices around.

We've got the UN issuing a 30 day non-binding warning to Iran plus the unrest in Nigeria -- its all adding fuel to the fire.

There's no urgency for them to do anything yet as prices are in the range they want.

The stock situation is more comfortable then it was last year. You've still got an undercurrent of threats in the broadest sense to the oil supply that will keep the market wary.

You've got an undercurrent of potential threats, in the broadest sense, to the crude supply and product supply that are going to keep markets weary. Unless there is a major surprise in oil stocks on the high side, it's going to keep prices underpinned at these higher levels.