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Tony Nunan Quotes

There is a high probability of further disruptions in Nigeria as we haven't seen the end of the attacks. The big problem is that going into the driving season, Nigerian refined crude is important for the US market, and if there are further disruptions, we are going to get a pop in crude prices. - Tony Nunan

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High | Probability | Disruptions | Nigeria | Attacks |

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The market was only expecting an increase [in crude stocks] in the range of two million barrels but crude has been rising for the past five weeks. - Tony Nunan

The whole thing about Katrina ends up as a psychological shock. U.S. consumers back off after gasoline prices sky-rocketed. - Tony Nunan

The market is highly sensitized to headlines that could affect supply. Anxiety over supplies and possible disruptions are the key drivers of price now. It's hard to be bearish in a market like this. Levels came off the record high mainly due to profit-taking because prices went up too quickly. But $65-$70 seems a very distinct possibility as we approach winter. - Tony Nunan

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