Most of the traders are looking at the Iranian issue over the bearish inventory report.
We're all watching the temperatures now, if they go down, there'll be a rush to buy. But most traders are just looking at the short term rather than the medium or long term.
Traders are looking at weaker demand, and that's the main reason why they are just sitting in the market right now.
Traders are looking at the Nigerian and Iranian issues. They don't like to sell at present.
Everyone's just looking at Rita. It's more psychological right now. But if Rita comes to the Gulf of Mexico and disrupts supply, then we have a problem.
The economy seems to have completely absorbed high oil prices and people will be looking for steady economic growth next year. People expect a drawdown in crude oil stocks so they don't want to be short over the New Year.
The market is quite weak as the U.S. starts receiving materials from abroad. I'm looking for oil to fall to $62.