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Tony Nunan Quotes

Even if there is a stock draw, unless it is substantially and unexpectedly high, I would not expect prices to go up above $60 as the near-term market is still heavily weighed down by high inventory levels and the warmer weather. - Tony Nunan

Tags

Stock | Draw | Substantially | Unexpectedly | High |

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But geopolitical factors have calmed down now and the Saudis have taken serious steps to quash the terrorist risk. - Tony Nunan

1.6 million barrels is a comfortable level and we shouldn't see prices push upwards too much... If you say there is going to be a 3 million-barrel draw in distillate stocks, then I'd say we will see the market react in panic, and a strong rally will follow. - Tony Nunan

I can't see why it should have rallied $2 and I think it's coming back to reality -- that the short-term fundamentals look oversupplied. - Tony Nunan

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