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24 Sep 2014
Oil price little changed on Tuesday
FXStreet (Łódź) - Independent Analyst Malcolm Graham-Wood observes that the movements in the price of oil yesterday weren't big.
Key quotes
"WTI went better as the API stats showed a substantial crude draw of 6.5m barrels but as oft repeated here, September can be a funny month."
"Refiners will start to up their runs next month and we shall see what happens then, with Saudi sales to their Far East customers apparently flagging and going to discount it looks like some crude will come off the market one way or another and if that happens the price might pick up, a bit…"
Key quotes
"WTI went better as the API stats showed a substantial crude draw of 6.5m barrels but as oft repeated here, September can be a funny month."
"Refiners will start to up their runs next month and we shall see what happens then, with Saudi sales to their Far East customers apparently flagging and going to discount it looks like some crude will come off the market one way or another and if that happens the price might pick up, a bit…"