Tetsu Emori Market Quotations

Last week, there was an attack by terrorists in Saudi Arabia and that's why the market jumped, but the Saudi authorities were successful in foiling the attack so this calmed the market a bit, prompting traders to have a reason to sell.

Supplies of crude oil and oil products are less than normal, which will bring a much tighter market in winter.

Traders are looking at weaker demand, and that's the main reason why they are just sitting in the market right now.

Even though heating oil inventories fell, the level they are at is not as low as we had expected. The market is just watching temperatures in the northeast of the U.S. for price direction.

The oil market is now down because most people are taking profits after seeing a sharp increase last week.

The market sentiment now is much more nervous.

The market has met some resistance at this level. Investors are taking profit after the rally and the entire commodity complex including metals is down. It might drop to $70 and then people may come in to buy then.

The market is quite weak as the U.S. starts receiving materials from abroad. I'm looking for oil to fall to $62.