Quotes from the news wire:
It comes more from the technical side of closing positions because of the Brent expiry on Monday.
Found on Reuters 8 years ago
As much as we continue to believe that this is yet another meeting that would yield nothing, the markets remain wary of any sudden agreement that major oil producers could come to.
Found on Reuters 8 years ago
People are taking profits after a huge increase ... The other factor would come from still having the market being in a bearish situation where the market is oversupplied.
Found on Reuters 8 years ago
In Asian hours you are seeing some profit-taking ... but bullish sentiment is continuing, we expect economic data to further support this momentum.
Found on Reuters 8 years ago
I expect to see some bargain hunting but I'm skeptical the rise (in oil prices) could continue.
Found on Reuters 8 years ago
Even if crude prices go up now, we could be seeing Iranian crude coming back to the market, pushing it down again. I think downward movement is more likely for the rest of this year.
Found on Reuters 8 years ago
The market is catching up with decreasing U.S. crude production. U.S. crude production has resumed its downtrend.
Found on Reuters 8 years ago
U.S. crude oil production should continue on its decline with falling rig counts.
Found on Reuters 8 years ago
We believe that this could be the market's reaction to the decline in U.S. crude production (drilling) ... further exacerbated as Iranian crude could be entering the market, which puts heavy pressure on the global benchmark (Brent).
Found on Reuters 8 years ago
There is some readjustment in the positions taken by traders.
Found on Reuters 8 years ago
There is definitely a lot of profit taking going on, there is some readjustment in the positions taken by traders.
Found on Reuters 8 years ago
Considering China's economic slowdown, we lean towards lower prices today.
Found on Reuters 8 years ago
Although the market should already have expected that the demand from China's (reserves) would not last forever, it is hard to predict when this time would come. So now that it has happened, the markets are just factoring this in.
Found on Reuters 9 years ago
When the strike's over the premium will drop down to about $4.
Found on Reuters 9 years ago
Oil prices have dropped quite hard. Movements now are market driven - it's bargain hunting people are going in for.
Found on Reuters 9 years ago
Moving forward, EU and Germany economic sentiment survey, which is due to be released later (on Tuesday), may have a greater impact on oil prices.
Found on Reuters 9 years ago
If prices do continue to fall and persist for a long time ... oil rig developments could be re-evaluated if the cost for extraction continues to exceed the cost per barrel.
Found on Reuters 9 years ago
Oil-exporting countries such as Malaysia may have diminished government revenues from falling energy prices and this could exacerbate their debt issues, if prices do continue to fall and persist for a long time ... oil rig developments could be re-evaluated if the cost for extraction continues to exceed the cost per barrel.
Found on Reuters 9 years ago
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