I believe the recovery of crude oil production in the Gulf area will take a long time, one month or even two.
The pace of demand growth in China is something we are all watching, because it will have a greater effect on crude oil demand-supply balance at some stage.
Supplies of crude oil and oil products are less than normal, which will bring a much tighter market in winter.
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 economy seems to have completely absorbed high oil prices and people will be looking for steady economic growth next year. People expect a drawdown in crude oil stocks so they don't want to be short over the New Year.
It seems to be a very crazy market. People worry about gasoline and crude oil supply.
The release of crude and gas stocks from the IEA provided a good cover against the shortage expected after the hurricanes,