It's still very difficult to tell what the situation in winter will be, but as soon as colder weather comes along, prices would definitely go up,
More Quotes from Tetsu Emori:
Stock levels were the highlight of the week, and should remain so next week -- the recovery we are seeing now is a buy-back ahead of the U. S. public holiday on Monday.Tetsu Emori
The pace of demand growth in China is something we are all watching, because it will have a greater effect on crude oil demand-supply balance at some stage.
Tetsu Emori
The Iranian situation isn't going away. There are dangerous comments coming out of Iran on their nuclear testing and that will keep oil high.
Tetsu Emori
People don't like to take any position before Christmas. Most people are thinking prices will be sustained at this level for the time being.
Tetsu Emori
If winter is colder than expected then prices could rebound quite sharply.
Tetsu Emori
Imports from IEA countries are almost completed. The demand-supply balance is a little tighter.
Tetsu Emori
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