The reason we worry about political risk is that it has a chance to become a real fundamental factor, like it happened in Nigeria, where you lost some real supply. The spare capacity issue for refining and crude production still underlies everything because demand is still healthy. - Mike Wittner Quotes
The reason we worry about political risk is that it has a chance to become a real fundamental factor, like it happened in Nigeria, where you lost some real supply. The spare capacity issue for refining and crude production still underlies everything because demand is still healthy. Mike Wittner
 

More - Mike Wittner Quotes

The market has three drivers right now: distillate stocks (including heating oil), demand growth and the weather, ... Stocks are moderately bearish, demand is neutral and the calendar itself is moderately bullish, assuming a normal winter. - Mike Wittner Quotes

The market has three drivers right now: distillate stocks (including heating oil), demand growth and the weather, ... Stocks are moderately bearish, demand is neutral and the calendar itself is moderately bullish, assuming a normal winter.

Mike Wittner

 Growth
It appears increasingly likely that we will need colder-than-normal temperatures in order for heating oil and gas oil to perform this winter and lead crude up, - Mike Wittner Quotes

It appears increasingly likely that we will need colder-than-normal temperatures in order for heating oil and gas oil to perform this winter and lead crude up,

Mike Wittner

 
It's all more fodder for financial investors. - Mike Wittner Quotes

It's all more fodder for financial investors.

Mike Wittner

 
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 Quotes

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

 
This is just drifting around. But the Nigeria situation, as the weeks wear on, is providing a firmer floor for the market. - Mike Wittner Quotes

This is just drifting around. But the Nigeria situation, as the weeks wear on, is providing a firmer floor for the market.

Mike Wittner

 
With each passing week of warm weather, the upside diminishes, the downside increases, and the chances of an oil market correction before the springtime also increase. - Mike Wittner Quotes

With each passing week of warm weather, the upside diminishes, the downside increases, and the chances of an oil market correction before the springtime also increase.

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 Quotes

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

 
It's just a bit of profit taking after the weekend. - Mike Wittner Quotes

It's just a bit of profit taking after the weekend.

Mike Wittner

 
We're trading on the weather. It's cold in New York, so the price is going up. - Mike Wittner Quotes

We're trading on the weather. It's cold in New York, so the price is going up.

Mike Wittner

 
The bottom line is US demand seems to be recovering, but the market still needs to be convinced of that. - Mike Wittner Quotes

The bottom line is US demand seems to be recovering, but the market still needs to be convinced of that.

Mike Wittner

 
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