But the Iranian situation hasn't gone away. So $62 crude is probably not a bad value, and people see that as a buying opportunity.
The Iranian minister's comment got it going a little bit.
The Iranian situation is one that has supported the market for the last few weeks.
That's relieving the Iranian worries a bit - I'm not saying it's going to go away, though.
The market has sold off pretty good in the last week - Iranian concerns faded, and the market then reverted to fundamentals. Inventories seem to be adequate everywhere.