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Tony Nunan Quotes
«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
«If statistics show any signs of bullishness, prices will go higher. Technically, the market wants to test $65 a barrel.»
Author: Tony Nunan
«The market is not terribly bullish in the short term because crude inventories are still high.»
Author: Tony Nunan
«The distillate draw in the United States is driving the market higher. It is also due to the coming holidays. No one wants to be short.»
Author: Tony Nunan
«The whole situation with Russia and the Ukraine underscores the fact that there is still a substantial amount of geo-political risk out there.»
Author: Tony Nunan
«The market has gone up so much and so quickly. This is a technical correction. This is just profit-taking ahead of the weekly statistics.»
Author: Tony Nunan