Sam Tilley Quotes

Today the market will be focused on the US government inventory data to obtain a clearer picture of the damage done by Hurricane Katrina to domestic crude and product stockpiles.

- Sam Tilley

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Today | Market | Focused | Government | Inventory |

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Traders switched focus from a fall in crude inventories to a general surplus of oil and signs of falling demand. - Sam Tilley

Despite the relative high stocks of crude and oil products in the US, the market remains supported by the concerns about Iran reducing exports, either voluntarily or because of any sanctions imposed. - Sam Tilley

Crude stocks are expected to have fallen by 600,000 barrels over the week while distillate stocks are expected to be up by 1.7 million barrels. - Sam Tilley