Something is going to have to give.

Certainly this is saying that Shell is going to miss some deliveries after the explosion. It’s a question of how long the delays will last, but 180,000 barrels per day is not that big.

Seventy dollars a barrel is a level that has invoked a political reaction.

It’s a function of the lack of investment in infrastructure.

The market is so delicately balanced. It faces a convergence of bullish factors.

I would expect more buying certainly from the trend-following fund community, a new high will attract a degree of momentum buying.

Over time, over history, it has always been a market that people have turned to when there has been an element of uncertainty in other asset classes. It’s a question of diversification.

Gold is really looking good now and seems to have a clear upside objective. You’ve got three of the strongest fundamental drivers of gold that are currently converging so it is very difficult to make...

There is very little demand for heating oil at the moment as a function of the weather.

Certainly for product prices, the only way is up.