Naohiro Niimura Quotes

We will see the bullish stats, which will show the effects of the hurricane on U.S. crude and product stockpiles, so I believe prices will rise from here.

- Naohiro Niimura

Tags

Bullish | Stats | Show | Effects | Hurricane |

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Comments about waning U.S. oil product demand added bearish sentiment to the market... But we need to be careful as supply concerns are still there -- many refining and oil facilities have been shut. - Naohiro Niimura

Now the market is nervous about a new storm, while supplies are tight and oil facilities have not fully recovered (from the last hurricanes). - Naohiro Niimura

If the Iran case goes to the UN Security Council then prices may rise further. The Iran issue is supporting the crude price. - Naohiro Niimura