Barclays Capital Quotes (31 Quotes)

What is clear is that despite OPEC's extremely high current output levels there is little sign of a large surplus forming in the market just yet.

U.S. payrolls are much more pivotal today than in prior months. A strong outcome would encourage the market in its increasingly optimistic view of the US economy and hawkish view of the Fed.

U. S. gasoline inventories have fallen further below their five-year average, while U. S. oil demand remains strong. Our estimates of current market balances indicate a significant tightening relative to a year ago.

Given the overall positive sentiment and an apparent lack of interest to short the marker aggressively, we see further room on the upside.

Sooner or later the seriousness of the situation for U. S. product supply will begin to show in the weekly U. S. data releases, though it may still be too early for that today.

In all, the disputes serve as further notice, if needed, that the Atlantic refining system is operating on the edge at the moment.

It is worth noting that prices are getting little support from the physical markets despite relatively steady prices of late, which suggest that threat of further correction remains.

Italy's problems appear so deeply rooted that the next government, whatever its complexion, is unlikely to do little more than make a start at solving them.

The oil system, both upstream and downstream, is being run close to sustainable limits and the tensions created by the absence of slack are now the key driver of prices.

a number of proposals contained in the draft policy would actively discourage foreign direct investment and the associated financing.

Under the microscope it is clear that an important watershed is approaching. The short-term downtrend is about to come into conflict with the medium-term uptrend. Typically we would side with the longer-term move but the length of the downtrend from the high is a major cautionary note.

The objective of the operation seems to be to create a few large-sized benchmark bonds and over time buy back the smaller issues.

After the very strong pickup in U.S. growth data over the past few weeks, we believe the risk of a sharp slowdown in commodity demand looks negligible in the short term.

While we think such high prices are not justifiable by gold 's commodity fundamentals in terms of market balance and inventory levels, the combination of a surge in oil prices above 70barrel, geopolitical tensions and strong momentum is dominating at present, and further gains cannot be ruled out.

There remains room for further upside this year, with fund interest continuing to be justified on... inflationary concerns, fears of economic slowdown, hopes of large Asian central bank buying.

Much of gold's recent rally has been supported by positive investor sentiment in light of rising oil prices, inflation concerns and geopolitical volatility, and we do not expect these supportive macro-factors to dissipate in the near term.

The markets seem to be pricing in close to zero probability of something going wrong.

Range-bound trade looks likely to continue for some time, though we see potential for prices to break on the upside after this consolidation phase.

It is now appropriate to talk of a major energy crisis after Hurricane Katrina pushed U.S. energy markets beyond the edge. The impact of Katrina has been to produce a significant discontinuity.

Indeed, another push lower in the gold-to-silver ratio is still possible, with the next target level around the April 2004 low of 51.

The loss in potential gasoline output from these plants alone is expected to be of the order of 600,000 barrels a day.

Unless upcoming speeches indicate that other FOMC (Federal Open Market Committee) members are beginning to shift their views, we do not believe Olson's dissent represents the start of a broader movement within the FOMC toward slowing the pace of rate hikes.

Speculative activity will continue to dominate price movements, with fund interest based on justifications such as economic slowdown, inflationary concerns and hopes of Asian central bank buying and soaring physical demand.

The current high levels of U.S. inventory is of little comfort given that it is the product of an unusually high level of seasonal maintenance. Although crude stocks are rising, product stocks are falling and U.S. oil demand is growing strongly.

Geopolitical tension, with Iran restarting uranium enrichment ... coupled with high oil prices stocking inflationary fears are supportive for gold's perception (as) a safe-haven asset.

Don't miss the boat, again. Supply and demand fundamentals remain constructive for the price up-trends to persist.

We believe the rise in Chinese crude oil imports in October signals a period of stronger Chinese apparent demand figures over Q4 2005 and Q1 2006.

Uncertainty over the eventual resolution of this conflict would help discourage aggressive selling interest.

The presence of significant headline risk, most particularly from Iran's international relations, the Atlantic hurricane season and from tightness in refining, is continuing to support prices at higher levels.

Given the renewed interest in commodities and positive sentiment in gold, price risks for the (platinum group metals) are still very much on the upside, in our view.

We continue to question how close the situation now is to either complete company withdrawal from the area or a strike by workers due to the obvious lack of security.