Peter Gignoux Oil Quotations

What we're seeing this morning is in response to OPEC's comments and also some old-fashioned year-end book squaring. Oil prices rose sharply and then fell. The market is doing some to-and-fro action, where traders saw the fluctuations and thought about pulling back instead of buying at the higher prices.

I would expect that they'd steer clear of the oil installations. They're fundamental to the oil-for-food process,

OPEC is trying to micro manage the oil price at the upper end of the range,

Remember that oil disruption is a genuine bullish indicator for the commodity,

Oil and politics are a volatile combination and we have two separate issues confronting the oil market at the moment.

Oil always seems to attract inflammatory rhetoric. And this is just another case of it.

The market simply thinks that there's not enough oil on the market and is theorizing that were going to see continued high levels of consumption.

The market is reacting to Richardson's announcement. By putting more barrels on the market, it immediately alters U.S. crude oil inventories.

The last time the U.S. was engaged militarily in Iraq, oil prices shot up to about $42 a barrel,