The market has been responding to the uncertain political situation -- Iran, Nigeria and intensifying military activity in Iraq .
More Quotes from Dariusz Kowalczyk:
Now that the weather forecast has changed to predict warmer weather, the prices have come down quite significantly.Dariusz Kowalczyk
The situation in Nigeria is likely to remain volatile for some time. Prices should rise because of disruptions in supply.
Dariusz Kowalczyk
I'm surprised that we are at current levels, because the geopolitical uncertainties haven't changed much since oil was at about 68-69 in late January -- Iran is still carrying on with nuclear testing.
Dariusz Kowalczyk
Conflict between Ukraine and Russia will drive up prices of natural gas and this should have some correlated effect on crude. The only leverage that Ukraine has is that the pipeline to Europe goes through its territory.
Dariusz Kowalczyk
Slower U.S. growth may reduce growth in oil demand in the second half of the year. We are seeing proof of reduced U.S. consumer confidence.
Dariusz Kowalczyk
The seasonal effect of cold weather, stronger demand for heating oil, will pull higher the whole energy complex higher.
Dariusz Kowalczyk
Readers Who Like This Quotation Also Like:
James was my given name, but I was a junior; so I was Jamie as a kid.James Denton
It is a poor cause which has to be lied for regularly.
Katherine Fullerton Gerould
I don't give players a chance to hit me.
Eric Dickerson