Quote of the day


"If the US stats for the time being remain bearish then ultimately there's less need to buy crude from Nigeria, therefore the shutting-in of crude oil there may not be that big a deal. Also, the market has a lot of the situation there priced in anyway. I believe alternative supply sources are being sought out all the time as some oil companies are probably finding the disruption costs are beginning to weigh on the production."


A London-based broker said Thursday ahead of the US weekly inventory report where analysts expect builds
in crude and product stocks thereby potentially reducing crude demand for the foreseeable future.


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