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More - Tobin Gorey Quotes

Ordinarily comfortable inventories would mean lower prices -- probably closer to fifty-five dollars. But the Iran situation, and several smaller actual interruptions to crude supply, are keeping prices higher. - Tobin Gorey Quotes

Ordinarily comfortable inventories would mean lower prices -- probably closer to fifty-five dollars. But the Iran situation, and several smaller actual interruptions to crude supply, are keeping prices higher.

I'm inclined to think it's not reached a peak yet. We're still faced with a tight supply-demand equation against the backdrop of strong economic growth, and there's still more money to come into the market. - Tobin Gorey Quotes

I'm inclined to think it's not reached a peak yet. We're still faced with a tight supply-demand equation against the backdrop of strong economic growth, and there's still more money to come into the market.

The basic thing underlying the industry is that global demand remains very strong. - Tobin Gorey Quotes

The basic thing underlying the industry is that global demand remains very strong.

I'm inclined to think it's not reached a peak yet. - Tobin Gorey Quotes

I'm inclined to think it's not reached a peak yet.

There's unlikely to be a quick return of output, and the market is certainly pricing in all of these various geo-political threats. - Tobin Gorey Quotes

There's unlikely to be a quick return of output, and the market is certainly pricing in all of these various geo-political threats.

But if Iran withdrew, that would leave a substantial gap in the market. In any case, the oil price is likely to remain high because global demand is so strong. - Tobin Gorey Quotes

But if Iran withdrew, that would leave a substantial gap in the market. In any case, the oil price is likely to remain high because global demand is so strong.

Something that could have squeezed supply a bit tighter would be a sustained cold snap and there just hasn't been the cold weather in the U.S. yet to test out just how well the market can supply. - Tobin Gorey Quotes

Something that could have squeezed supply a bit tighter would be a sustained cold snap and there just hasn't been the cold weather in the U.S. yet to test out just how well the market can supply.

The small retreat is probably due to the dollar coming back a bit. - Tobin Gorey Quotes

The small retreat is probably due to the dollar coming back a bit.

The Iran-U.N. row and potential for economic sanctions reminds us that geopolitical situations remain a key factor in giving support to oil prices. - Tobin Gorey Quotes

The Iran-U.N. row and potential for economic sanctions reminds us that geopolitical situations remain a key factor in giving support to oil prices.

The U.S. inventory data clearly worried the market, but the Iranian and Nigerian situations are providing support to prices. - Tobin Gorey Quotes

The U.S. inventory data clearly worried the market, but the Iranian and Nigerian situations are providing support to prices.

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