It's certainly having an effect on prices but it's more people preempting El Nino than anything else.
More Quotes from Lawrence Eagles:
While gasoline was clearly the main driving force behind the market on Friday, there is little doubt that the Middle East tension also provides some upside momentum for crude.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
Compliance will improve from February levels, partly because the winter demand will not be there and also because of the fear that prices will slump if OPEC is not seen to be in firm control,
Lawrence Eagles
Overall there is a general consensus in the market that prices are likely to head lower and that the break of the current range will be to the downside. However, we would note that the conditions for this to happen increased crude and product inventories and refinery restarts in particular are not yet in place and risks to the upside remain.
Lawrence Eagles
The plan has been slammed by environmentalists and some commentators who regard the proposals as a handout to the oil industry.
Lawrence Eagles
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Based on Keywords: nino, preemptingLiberty is the possibility of doubting, the possibility of making a mistake, the possibility of searching and experimenting, the possibility of saying No to any authority - literary, artistic, philosophic, religious, social and even political.
Ignazio Silone
I don't go out that much anymore, unfortunately. I used to enjoy it, but I'm just so busy. Like last night, everybody else went out, and I just went straight home and went to bed.
Lee Ann Womack
The best men of the best epochs are simply those who make the fewest blunders and commit the fewest sins.
Thomas Huxley