42 Quotes by Tetsu Emori
- Author Tetsu Emori
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The weather and the high crude inventory levels are the main factors weighing down prices. This trend should carry on until the end of the year, with prices to hold between $55-$58.
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The release of crude and gas stocks from the IEA provided a good cover against the shortage expected after the hurricanes,
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It seems to be a very crazy market. People worry about gasoline and crude oil supply.
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It looks quite unlikely that Katrina would affect the Gulf of Mexico facilities, and that's what's bringing the price down now as people start to take profits.
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It's still very difficult to tell what the situation in winter will be, but as soon as colder weather comes along, prices would definitely go up,
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Stock levels were the highlight of the week, and should remain so next week -- the recovery we are seeing now is a buy-back ahead of the U.S. public holiday on Monday.
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- Author Tetsu Emori
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Oil prices would be pushed up by this kind of pension-fund money. It's a big one we cannot ignore.
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The inventory data must be quite a bearish factor in the market. The price is well supported around $58 a barrel though.
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Imports from IEA countries are almost completed. The demand-supply balance is a little tighter.
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