Quotes from the news wire:
Traders and investors are torn which way prices are going to break. It's a knife edge between optimism and pessimism.
Found on Reuters 7 years ago
The market is running off good vibes from OPEC which forecast higher oil demand. That was fundamentally the good news story of the night.
Found on Reuters 7 years ago
We are on the cusp of U.S. weekly production statistics - the market is keeping a close eye on that. There is maybe a little bit of profit taking ahead of the stats.
Found on Reuters 7 years ago
We are seeing a bit of a recovery now with maybe some short positions being unwound. It is certainly going to be a wild ride for investors and traders going into the June 23 decision.
Found on Reuters 7 years ago
We need to brace ourselves for further volatility, we are seeing a bit of a recovery now with maybe some short positions being unwound. It is certainly going to be a wild ride for investors and traders going into the June 23 decision.
Found on Reuters 7 years ago
We have got an important week out of the way from a macro data perspective, and not only have we come out of it unscathed, we are seemingly in a stronger place than where we started the week, we have heard from central banks in all corners of the globe now and the liquidity party rolls on with the potential for more to come.
Found on Reuters 7 years ago
It looks at this stage as if it (oil) has formed a little bit of a bottom and perhaps we're going to see a sustained price in the $30s, maybe trending back up to $40 dollars at some point, the macro picture takes all corners of the globe into account, and those corners seem to be improving ... and that's where I'm seeing the oil price tick higher.
Found on Reuters 7 years ago
A lot of traders are keeping their powder dry in front of non-farm payroll data - it's the number one (indicator) in terms of crude consumers.
Found on Reuters 7 years ago
The market was hoping for production cuts rather than a production halt at January levels.
Found on Reuters 7 years ago
The market is coming around to the idea that it is not bad news, but not as good news as it was anticipating, the market was hoping for production cuts rather than a production halt at January levels.
Found on Reuters 7 years ago
It was a buy the rumour, sell the fact event, the market is coming around to the idea that it is not bad news, but not as good news as it was anticipating.
Found on Reuters 7 years ago
The market is coming around to the idea that it is not bad news, but not as good news as it was anticipating.
Found on Reuters 7 years ago
It was a 'buy the rumor, sell the fact' event, the market is coming around to the idea that it is not bad news, but not as good news as it was anticipating.
Found on Reuters 7 years ago
(Prices) have just come back to reality a bit, although they are holding water above $30 a barrel.
Found on Reuters 7 years ago
Ongoing concerns about China, the Federal Reserve and commodity prices, it's all one-way traffic at the moment, resulting in very negative sentiment.
Found on Reuters 7 years ago
The market is a little bit skittish ahead of the OPEC meeting, it is going to be very range-bound between now and Friday.
Found on Reuters 7 years ago
Buyers thought it was time to strike today to pick up some of these banks and high-yielding defensive names.
Found on Reuters 7 years ago
Inventories ... (and) U.S. production numbers continue to disappoint the market, producers are squeezing as much production as they can.
Found on Reuters 7 years ago
Oil is still in a bit of a funk, inventories ... (and) U.S. production numbers continue to disappoint the market.
Found on Reuters 7 years ago
Investors and traders are buying the idea of expected action out of the Bank of Japan and the ECB.
Found on Reuters 7 years ago
Sentiment is shifting on a 5-cent piece right now, although futures markets are pricing in a less than 30 percent chance of a rate hike on Thursday, the U.S. dollar continues to strengthen, meaning that traders might be having an each-way bet on the outcome.
Found on Reuters 8 years ago
There's been a little bit of up and down and range-bound movement, which has all the hallmarks of a market marking time.
Found on Reuters 8 years ago
A lot of the fall was due to short covering, there could be a bit of profit-taking for people who have gone long.
Found on Reuters 8 years ago
Greece is still the word, that story doesn't look like stopping anytime soon.
Found on Reuters 8 years ago
Traders and investors are very much on tenterhooks on the outcome (of talks on Greece).
Found on Reuters 8 years ago
There are a lot of bargain hunters, but they are not buying with a lot of conviction.
Found on Reuters 8 years ago
The Aussie dollar tracking above 81 cents is probably undermining a lot of the potential across the sectors of our market.
Found on Reuters 8 years ago
The stronger U.S. dollar and also news out of Saudi Arabia that they are halting the bombings in Yemen are two push-pull factors affecting the oil prices at the moment.
Found on Reuters 8 years ago
There appears to be a little bit of let up in the U.S. dollar in the Asian trading period, so crude (prices) might be coming off those lows.
Found on Reuters 8 years ago
The U.S. crude inventory numbers have been climbing for the last 10 straight weeks, sitting at their highest levels in 80 years. So that's a further supply side concern on top of news coming out of Kuwait, there doesn't seem to be any sign of OPEC doing anything to turn the taps off so it makes it hard to predict a floor (for oil prices).
Found on Reuters 8 years ago
That should see a little bit more risk appetite coming back into the market over the next couple of hours, we've seen a bottom and it's just how much prices will run up.
Found on Reuters 8 years ago
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