Tetsu Emori Traders Quotations

Most of the traders are looking at the Iranian issue over the bearish inventory report.

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.

We're all watching the temperatures now, if they go down, there'll be a rush to buy. But most traders are just looking at the short term rather than the medium or long term.

Traders are looking at the Nigerian and Iranian issues. They don't like to sell at present.

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

Traders are most concerned about the Iranian issue, as the situation appears to be getting worse.

Traders need to understand that the supply-demand situation is much tighter in fact, especially since U.S. Gulf of Mexico operations are still mostly down. Demand is still strong, and can only rise in coming months.