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.
More Quotes from Dariusz Kowalczyk:
Now that the weather forecast has changed to predict warmer weather, the prices have come down quite significantly.Dariusz Kowalczyk
I think it's mostly the uncertainty regarding the situation in Iran and the very clear decision of the IAEA to refer the country to the UN Security Council.
Dariusz Kowalczyk
The market has been responding to the uncertain political situation -- Iran, Nigeria and intensifying military activity in Iraq .
Dariusz Kowalczyk
Fundamentally we should go down because of the demand outlook related to weather.
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The hurricanes which battered the U.S Gulf Coast did not have the impact on the labor market as was earlier expected.
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