Naohiro Niimura Quotes (11 Quotes)

The market has dropped because of forecasts for higher temperatures. People are buying and selling based on weather forecasts.

Asian players are refraining from being active ahead of jobs data, which is causing the market to be range-bound, but copper will be supported after yesterday's news on China's tax hike.

The market is focusing on weather, which is softening product demand everywhere in the Northern Hemisphere, not just the U.S. Northeast.

This is expected to become a potential factor to cause supply tightness. Also at the same time, this move could be indicating that domestic demand within China is strong.

The build is quite huge, and that's having an impact on the market today. OPEC has no reason to cut production as long as prices remain near 60.

The market has the same buy factors -- Iran and Nigeria -- and now increasing tension ahead of the IAEA meeting could drive the market higher.

At 67, we have started seeing indicators that suggest oil prices might be weighing on demand growth.

The Nigerian incident is a clear sign to buy. There had not been much similar market-moving news for a while and it's easier to move prices now because volumes and liquidity are low due to the holiday period.

It's clear that the weather in the US north-east will remain much warmer than normal and reduce heating demand sharply.

Traders are not in hurry to buy, as we seem to have sufficient supplies plus mild weather.

We are going to have bearish statistics on crude oil when the report is released today. Oil probably rose too much yesterday.