David Thurtell Rice Quotations

From his language he recognizes that while higher prices are good for revenues in the short run, longer term they help destroy demand. OPEC is probably going to increase by 1 million barrels a day.

Refiners don't want to get caught out in the next six months, with the hurricane season, Iran, etcetera. Where you'd normally expect at these high prices refiners trying to cut down on stocks, I think they're saying there's big money to be made if you've still got inventory when the hurricanes hit.

The market is very vulnerable to a supply shock like this. This news will push up prices when trading starts tomorrow.

I think we'll stay in a $58 to $66 range for the next couple of months. If prices get too weak OPEC, will just cut back.

Iran will take the nuclear situation to the wire, making the market nervous. It will wax and wane diplomatically and they'll extract a price before agreeing to any deal with the west.

Traders and investors alike both succumbed to the temptation to take profits in a variety of commodities that have made big price gains.

Provided we don't get any disruptions to supply, it looks like prices could have short-term weakness. But if we get a much colder winter, it could send prices into the sixties range again.

Gulf production is really struggling. It's very unlikely that prices are going to come significantly under $60 in the next few months.

(That's) the only thing that will prevent further significant price rises from here.

It looks now as if Rita is not going to go through the main refinery region. Because all these plants have closed for precautionary reasons there have been problems with gasoline supply, which drove prices higher yesterday. Still, it looks as if there's not going to be so much damage to the bigger refining sites.

The worry is that if prices come off a bit, demand will rebound and we've still got to deal with the Northern Hemisphere winter.

We're at the top of the commodity cycle right now. Moderating demand and improving supply will see a fall in prices going forward.

The US economy looks healthy and it's safe to infer that the demand for oil and diesel will remain pretty firm and that the price of oil should be helped along as well.

Global demand has pushed oil prices to a new higher platform, and risks of serious supply disruption (Iran, Nigeria) are adding a premium to prices.

In my view, prices had probably gone down too far, especially with peak demand winter season looming.

The only way we can avoid yet higher prices is if President Bush releases supply from the Strategic Petroleum Reserve.

The lingering political risks to supply mean we're not going to drive prices down too far or too fast.

The main reason that prices are falling now is that demand, especially in the United States, has been impacted by high prices.

There are worries about demand going forward, but in the overall scheme of things, oil prices are still exceptionally high and are still vulnerable to supply hitches.

Peak demand for winter fuel in the northern hemisphere is what is going to be driving oil prices in the fourth-quarter.