OPEC and inventory data should put downward pressure on prices later today.
More Quotes from Dariusz Kowalczyk:
Concern about supply means the risk premium in prices is on the rise. Iran is the major problem, but Nigeria coming on top makes matters worse.Dariusz Kowalczyk
Slower growth in producer prices makes China's exports more competitive, which means the nominal exchange rate can be allowed to appreciate without hurting exporters.
Dariusz Kowalczyk
The situation in Nigeria is likely to remain volatile for some time. Prices should rise because of disruptions in supply.
Dariusz Kowalczyk
The hurricanes which battered the U.S Gulf Coast did not have the impact on the labor market as was earlier expected.
Dariusz Kowalczyk
The release will definitely be sufficient. Extra supply from government sources means I'm bearish about crude oil prices this week.
Dariusz Kowalczyk
Fundamentally we should go down because of the demand outlook related to weather.
Dariusz Kowalczyk
Readers Who Like This Quotation Also Like:
The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.Konstantin Tsiolkovsky
You have it or you don't... I think I have it.
Chris Moneymaker
The turning point in the process of growing up is when you discover the core of strength within you that survives all hurt.
Max Lerner