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Tony Nunan Quotes
«Even if there is a stock draw, unless it is substantially and unexpectedly high, I would not expect prices to go up above $60 as the near-term market is still heavily weighed down by high inventory levels and the warmer weather.»
Author: Tony Nunan
«However, tension has relaxed a bit and the market came off.»
Author: Tony Nunan
«Commodity-related funds remain in demand because the fundamentals remain the same -- we have strong economic growth in Japan, the United States and China that is going to drive up demand, while spare refining capacity remains limited.»
Author: Tony Nunan
«Iran is playing a smart game of brinkmanship, they are pushing as far into the edge as they can take this and then pulling back.»
Author: Tony Nunan
«Increasing concerns over supply shortages in the U.S because of the outages at refineries in the Gulf Coast and disruptions to refinery operations in France are giving support to the market,»
Author: Tony Nunan
«1.6 million barrels is a comfortable level and we shouldn't see prices push upwards too much, ... If you say there is going to be a 3 million-barrel draw in distillate stocks, then I'd say we will see the market react in panic, and a strong rally will follow.»
Author: Tony Nunan
«Though there seems to be a lot of crude around, the long-term view is bullish, ... The U.S. Northeast will get colder and people may be concerned with middle distillate supplies.»
Author: Tony Nunan
«I can't see why it should have rallied $2 and I think it's coming back to reality -- that the short-term fundamentals look oversupplied,»
Author: Tony Nunan
«Immediate fundamentals look bearish, ... Weather seems very mild and inventory levels are high.»
Author: Tony Nunan
«Bearish (data) is widely expected and the market has already factored it in. But if it should show a recovery in demand, for example in gasoline, the market may rebound.»
Author: Tony Nunan