Mike Wittner Quotes

The speculative money is as much of a key driver for oil prices as Iran and Nigeria. There has been a massive influx of new money into commodities in general since the start of the year.

- Mike Wittner

Tags

Speculative | Money | Driver | Prices | Iran |

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It's U.S. gasoline, its Nigeria, it's the financial flows and Iran is there in the background. Do I think we're going to hit $70 at some point? Easily. - Mike Wittner

The markets have been reacting to news on Iran, but the physical oil markets have been fairly relaxed so I'm not surprised to have seen them fall. - Mike Wittner

Strong demand is now priced in. Barring a sustained cold snap, I can't see any fundamental reason for much more of an up-move. - Mike Wittner