David Thurtell Supply Quotations

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.

There's just been too much disruption to too many parts of the whole supply chain. There's a worry that it's going to take longer to get things back.

The market's reacting to forecasts that heating oil demand will be 20 percent below normal this week, giving refiners a little breathing room to boost supply ahead of winter.

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

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

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

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 Iranians shouldn't be underestimated. If they were to cut supply in protest, there's really not enough capacity to absorb the loss of their exports.

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.