"This week's weather shock was enormous -- US weather was a record 32% warmer-than-normal for the first week of November while Asia and Europe were both also far warmer than normal -- and warrants a modest correction in heating oil and natural gas prices."

Steve Strongin, managing director of commodity research at Goldman Sachs, said in a report as the entire energy complex was dragged lower by heating oil and natural gas futures.

See more industry/OPEC viewpoints at http://www.platts.com/Oil/Resources/Quote%20of%20the%20Day/