Tetsu Emori Inventory Quotations

Most of the traders are looking at the Iranian issue over the bearish inventory report.

After some profit-taking, we are now waiting for the inventory data. But the Nigerian crisis remains a serious issue.

The weather and the high crude inventory levels are the main factors weighing down prices. This trend should carry on until the end of the year, with prices to hold between $55-$58.

The inventory data must be quite a bearish factor in the market. The price is well supported around $58 a barrel though.