No one fundamental reason can explain this whopping fall, ... There is concern that demand, particularly from the airline industry, could fall. There are clear recessionary concerns.
More Quotes from Lawrence Eagles:
However in doing so it has also shown itself not to be a bastion of stability it had claimed, but a hawkish price-rigging organization,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
It's certainly having an effect on prices but it's more people preempting El Nino than anything else.
Lawrence Eagles
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.
Lawrence Eagles
Another compromise could be in the offing, ... What we could see is (OPEC President and Venezuelan Oil Minister) Ali Rodriguez stepping down to take on the role.
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
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Based on Topics: Business & Commerce Quotes, Reasoning QuotesBased on Keywords: recessionary, whopping
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