A weaker U.S. dollar is lending prices buoyancy, as are comments made by the Saudi Arabian Oil Minister. Carsten Fritsch More Quotes by Carsten Fritsch More Quotes From Carsten Fritsch Falling gasoline stocks and a renewed decline in U.S. oil production would contribute to stabilising oil prices. Carsten Fritsch energy It's a continuation of directionless trade. We need more clarity on where the oil market is heading. Carsten Fritsch energy We could see a slight supply deficit - it depends on further development of unplanned outages. Carsten Fritsch energy The market sentiment is positive; the trend and the momentum points to further gains. Carsten Fritsch energy The production freeze has put a floor under the price, we see a risk of a short-term setback if the meeting produces a disappointment. Carsten Fritsch energy The strong inventory build reported by the API would explain why WTI is falling more than Brent. Carsten Fritsch energy What we see still is extreme volatility, i would not be surprised to see prices retreating again by a big margin in coming days. Carsten Fritsch company-news It's a continuation of yesterday's move, what we see still is extreme volatility. I would not be surprised to see prices retreating again by a big margin in coming days. Carsten Fritsch energy It's the weaker dollar. Carsten Fritsch energy There is certainly no chance of Saudi Arabia scaling back its oil supply to make space for Iranian oil, the existing oversupply may actually grow further in the short term. Carsten Fritsch energy There is certainly no chance of Saudi Arabia scaling back its oil supply to make space for Iranian oil, in other words, the existing oversupply may actually grow further in the short term. Carsten Fritsch energy The oversupply is still considerable, but I think it will be less next year as non-OPEC supply is likely to shrink. Carsten Fritsch energy Prices are likely to consolidate or weaken further, the perception is that over-supply will be there for much longer. Carsten Fritsch energy If they continue to run at these levels then we will see massive builds in distillates and gasoline stocks when the peak demand season is over for gasoline. Carsten Fritsch energy The oil market is being literally flooded with OPEC crude oil at present. Carsten Fritsch company-news If sanctions were to be eased, additional oil from Iran would flood onto the already oversupplied oil market. Carsten Fritsch energy Oversupply will ease gradually in the second half of this year, helped by stronger demand and slower production from outside OPEC, if the Greek crisis remains contained, the impact on oil should be short-lived. Carsten Fritsch energy Much depends on the U.S. dollar, if the dollar resumes its rise, oil will probably test new lows again. Carsten Fritsch energy Fears that fighting in Iraq and Yemen could hamper the oil supply have clearly given way to a more sober appraisal, such concerns are exaggerated. In actual fact, the oil supply from the region has continued to grow. Carsten Fritsch most-read-articles Brent could see further declines now, given the large overhang of speculative long positions. Carsten Fritsch energy
