"The funds can't wait for the market to come off down to $65/barrel. You may get a few blips with smaller traders buying back into the market as they aren't looking for such big swings but when it does get down to that level they (hedge funds) are going to come back into the market in a big way."
A London-based trader discussing the crude futures complex on Tuesday 05.

"Technically the market looks very bearish. I think we could go down to $65/barrel. Anything around that level will be a good buy."
A London-based broker discussing the possibility of funds re-entering the crude market with new length.

"We deliver one million barrels per day and about 13 percent of it comes from Iran. We can procure this amount of 130,000 barrel in the spot market."
Nippon Oil Corp chairman Fumiaki Watari

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