As we go forward, geopolitical issues won't go away over night, but we wouldn't have got to oil at 60 plus without a lot of other factors.
More Quotes from Lawrence Eagles:
El Nino is definitely developing into the strongest event we've had in a long time, possibly in this century.Lawrence Eagles
Under normal circumstances, it would be far too soon for OPEC to consider raising production, but these are exceptional circumstances,
Lawrence Eagles
It is too early to blame the restart of Iraqi oil shipments for the gains (crude stocks), but implies that gains may be larger in the weeks ahead.
Lawrence Eagles
As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground,
Lawrence Eagles
Whether OPEC chooses to make public the size of any output cut ahead of the ministerial meeting Nov. 14 is uncertain, ... But it may well choose to do so if prices remain weak.
Lawrence Eagles
Indeed, even if OPEC is not bothered about helping America per say, economic considerations make a lower price as sensible option,
Lawrence Eagles
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