"Oil and product prices remain on the defensive following Wednesday's bearish inventory data and will minimal impact seen due to Hurricane Wilma...The unwinding of longs in the energy markets continues with crude oil likely to give up another $1-2/bbl now that it has broken below $60/bbl"

(Refco analysts Marshall Steeves and Jim Steel wrote in a report.)
See more industry/OPEC viewpoints at http://www.platts.com/Oil/Resources/Quote%20of%20the%20Day/