Naohiro Niimura Prices Quotations

We have an excess of oil supply, and if there was no Iran case prices would drop sharply. Iran underpins the market prices.

We will see the bullish stats, which will show the effects of the hurricane on U.S. crude and product stockpiles, so I believe prices will rise from here,

At $67, we have started seeing indicators that suggest oil prices might be weighing on demand growth.

The build is quite huge, and that's having an impact on the market today. OPEC has no reason to cut production as long as prices remain near $60.

The Nigerian incident is a clear sign to buy. There had not been much similar market-moving news for a while and it's easier to move prices now because volumes and liquidity are low due to the holiday period.