-"I do not think we have yet exhausted a diplomatic solution to this issue, so the talk about other options and sanctions is premature and will not produce the desired results."
- Saudi Foreign Minister Saud al-Faisal reiterating his opposition to sanctions against Iran during a joint press conference with his visiting Russian counterpart Sergei Lavrov

"Stocks are high. The price is still high and you are approaching the third quarter and the hurricane season is coming. We are worried. We see the price continuing on the high side."
- A senior OPEC delegate said Monday

"The fall this morning is a continuation from Friday and in line with other commodities. Metals, the FTSE are all falling and crude is going with them."
- A London-based broker commenting on the recent weakness seen in IPE Brent futures

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