Andrew Harrington Prices Quotations

I think prices are reacting again to the situation in Nigeria, with Eni reporting attacks on its pipeline.

The reason being inventories remain strong in the U.S. Prices might fall below $60 this week.

Prices have been rarely, if ever, this high. Now is the time to make hay.

This appears to be a more coordinated and organized series of attacks. Prices have room to go up $3 or $4 a barrel.

If you've got declining gas supply and people start burning more oil, then that's one thing, and then you've also got limited supply from Iraq. Suddenly there's a bit of supply news, and a bit of demand news, and it's the combination of those two that's pushing prices up.