There are two things. There has been a fantastic rise in prices so I think in the Asian time zone there's been a little bit of profit-taking, the second thing is that while we're waiting for more official inventory data, investors are thinking: 'Are prices warranted at these levels?'.

Jonathan Barratt

More Quotes by Jonathan Barratt
Categorized in : Energy
More Quotes From Jonathan Barratt

It seems the oil market is looking at Saudi Arabia's aggressive supply cuts and Chinese aggressive stimulus.

Jonathan Barratt
business

Situation of a developing shortage might arise if the Sino-U.S. trade war goes away, the Chinese economy kicks into gear, Brexit is solved and the United States make good threats on Iran.

Jonathan Barratt
business

Geopolitical issues in West Africa and the Middle East, supply outages, increased demand and maybe a touch of a weaker dollar have all helped push prices higher.

Jonathan Barratt
company-news

It's hard to trade with the current volatility in oil prices, we've run up from $44 a barrel on economic growth and outages. Are we now at the top end? Does that mean at $49-$50 a barrel we'll get U.S. oil shale production starting up?

Jonathan Barratt
company-news

There's no reason for a freeze when oil is at $50 a barrel. If oil prices move back to $35 a barrel there'll be rhetoric and action for an output cap; at $50 a barrel there'll just be rhetoric.

Jonathan Barratt
energy

Oil prices are at a level where OPEC countries are all struggling. They are selling oil for cashflow not for profit, u.S. producers are holding out, but I think they're bleeding as well.

Jonathan Barratt
business

U.S. producers are holding out, but I think they're bleeding as well, looking at current prices, oil producers will engineer something to push prices higher.

Jonathan Barratt
business

The market is taking the view that governments will not allow economies to falter. These expectations suggest more active economic development will force consumption to go up.

Jonathan Barratt
business
If the (downward) trend continues it shows supply is being eaten... by Jonathan Barratt

If the (downward) trend continues it shows supply is being eaten into.

Jonathan Barratt
business

It's all about the numbers, the market is taking the view that governments will not allow economies to falter. These expectations suggest more active economic development will force consumption to go up.

Jonathan Barratt
business

The figures show nothing really concrete, although they err on the side of a little bit of weakness in the economy and the way is open for more stimulus.

Jonathan Barratt
most-read-articles
Data from China should underpin a move to crude. by Jonathan Barratt

Data from China should underpin a move to crude.

Jonathan Barratt
business
If the figure is bearish then it means more stimulus. by Jonathan Barratt

If the figure is bearish then it means more stimulus.

Jonathan Barratt
business
Any number should be supportive of oil prices and a reason for pr... by Jonathan Barratt

Any number should be supportive of oil prices and a reason for prices to hold up.

Jonathan Barratt
business
It suggests again the world is awash with oil. by Jonathan Barratt

It suggests again the world is awash with oil.

Jonathan Barratt
business
I think any positive news will help. Maybe we'll see not as much... by Jonathan Barratt

I think any positive news will help. Maybe we'll see not as much volatility.

Jonathan Barratt
business
I think that was the bifurcation point. A lot of OPEC economies w... by Jonathan Barratt

I think that was the bifurcation point. A lot of OPEC economies were starting to falter.

Jonathan Barratt
business
(OPEC production cuts) would only come into play if there is a su... by Jonathan Barratt

(OPEC production cuts) would only come into play if there is a sustained fall in oil prices.

Jonathan Barratt
business
I think the Japan and China PMI figures are weighing on the marke... by Jonathan Barratt

I think the Japan and China PMI figures are weighing on the market.

Jonathan Barratt
business

Traders would be quite happy to see the spread go out to $15-20, we have reached a real bifocal point for the market. We either enter a more bearish mood with a new low or it turns around and becomes a bit bullish.

Jonathan Barratt
energy