Oil may peak during the hurricane season in August or September. Economic growth will add to tightness in supply.

The pace of demand growth in China is something we are all watching, because it will have a greater effect on crude oil demand-supply balance at some stage.

It looks quite unlikely that Katrina would affect the Gulf of Mexico facilities, and that’s what’s bringing the price down now as people start to take profits.

Imports from IEA countries are almost completed. The demand-supply balance is a little tighter.

The conversion is proving to be difficult. The U.S. has a problem with ethanol supplies because they are limited right now.

The political risks are still in place, so the downside is going to be quite limited.

It’s still very difficult to tell what the situation in winter will be, but as soon as colder weather comes along, prices would definitely go up,

The release of crude and gas stocks from the IEA provided a good cover against the shortage expected after the hurricanes,

Traders are looking at the Nigerian and Iranian issues. They don’t like to sell at present.

The market has met some resistance at this level. Investors are taking profit after the rally and the entire commodity complex including metals is down. It might drop to $70 and then people may come...

Oil prices would be pushed up by this kind of pension-fund money. It’s a big one we cannot ignore.

The market is quite weak as the U.S. starts receiving materials from abroad. I’m looking for oil to fall to $62.

We’re all watching the temperatures now, if they go down, there’ll be a rush to buy. But most traders are just looking at the short term rather than the medium or long term.

The Iranian situation isn’t going away. There are dangerous comments coming out of Iran on their nuclear testing and that will keep oil high.

The situations in Nigeria, Iran and Iraq remain uncertain. Fears of supply disruptions from these oil-producing nations remain.

Traders are looking at weaker demand, and that’s the main reason why they are just sitting in the market right now.

Most of the traders are looking at the Iranian issue over the bearish inventory report.

The oil market is now down because most people are taking profits after seeing a sharp increase last week.

For OPEC countries, less than $60 a barrel is not a suitable price it is quite cheap for them so they want to push the price to around at least $62-$63, which may also be...

We need confirmation of heating oil demand. People will be watching that figure when the report is published.

Temperatures in the U.S. are not as cold as we expected. Stockpiles seem adequate for the moment.

If the US attacks Iran, oil prices could rise 20-30 dollars in one day. Nobody wants to see that.

At some stage, I think Iran will use its oil as a weapon to negotiate with the U.N. and the U.S., which would push up the market — although they are unlikely to stop exports...

The economy seems to have completely absorbed high oil prices and people will be looking for steady economic growth next year. People expect a drawdown in crude oil stocks so they don’t want to be...

Even though heating oil inventories fell, the level they are at is not as low as we had expected. The market is just watching temperatures in the northeast of the U.S. for price direction.

Stock levels were the highlight of the week, and should remain so next week — the recovery we are seeing now is a buy-back ahead of the U.S. public holiday on Monday.

I don’t think Iran will stop oil exports because of the money, but we have to wait and see for the IAEA meeting.

Everyone’s just looking at Rita.

Last week, there was an attack by terrorists in Saudi Arabia and that’s why the market jumped, but the Saudi authorities were successful in foiling the attack so this calmed the market a bit, prompting...

People don’t like to take any position before Christmas. Most people are thinking prices will be sustained at this level for the time being.

The inventory data must be quite a bearish factor in the market. The price is well supported around $58 a barrel though.

Traders are most concerned about the Iranian issue, as the situation appears to be getting worse.

Everyone’s just looking at Rita. It’s more psychological right now. But if Rita comes to the Gulf of Mexico and disrupts supply, then we have a problem.

If winter is colder than expected then prices could rebound quite sharply.

The weather and the high crude inventory levels are the main factors weighing down prices. This trend should carry on until the end of the year, with prices to hold between $55-$58.

Production in the Gulf has risen dramatically and refinery input has also risen, these are good selling factors.

This is a huge amount of money in the commodities market. Oil prices would be pushed up by this kind of pension fund money.

In that case, we’ll be in the winter season already. If temperatures in winter time are lower than forecast, then that should be a big problem.

I believe the recovery of crude oil production in the Gulf area will take a long time, one month or even two.

The Iranian nuclear issue is driving the market. Traders are short-covering because they know if something happens in Iran the market would be in confusion. The issue poses a threat of supply disruption in a...

After some profit-taking, we are now waiting for the inventory data. But the Nigerian crisis remains a serious issue.

People are just waiting for a chance to buy ahead of Christmas. At the US$58 level, it’s a good time to buy back.

Supplies of crude oil and oil products are less than normal, which will bring a much tighter market in winter.

Traders need to understand that the supply-demand situation is much tighter in fact, especially since U.S. Gulf of Mexico operations are still mostly down. Demand is still strong, and can only rise in coming months.

(U.S. data) showed quite bearish numbers, … Prices may fall rapidly to $56 unless we have cold weather.

It seems to be a very crazy market. People worry about gasoline and crude oil supply.

The supply of oil is still ongoing; most people feel there won’t be a disruption, so they’re taking profit now, especially after Friday’s sharp increase.

The situation has completely changed since the beginning of October.

The production of gasoline in the U.S. is quite limited compared against the same period last year. And the refinery bottleneck situation is still a problem that drives the market.

(U.S. data) showed quite bearish numbers. Prices may fall rapidly to $56 unless we have cold weather.