The geo-political risk premium is already fully priced at the level we closed at yesterday.
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
The release will definitely be sufficient. Extra supply from government sources means I'm bearish about crude oil prices this week.
Dariusz Kowalczyk
OPEC and inventory data should put downward pressure on prices later today.
Dariusz Kowalczyk
The market has been responding to the uncertain political situation -- Iran, Nigeria and intensifying military activity in Iraq .
Dariusz Kowalczyk
The situation in Nigeria is likely to remain volatile for some time. Prices should rise because of disruptions in supply.
Dariusz Kowalczyk
Slower U.S. growth may reduce growth in oil demand in the second half of the year. We are seeing proof of reduced U.S. consumer confidence.
Dariusz Kowalczyk
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