"While the charts are looking bearish the Iranian situation has not been resolved and all we have are a few positive sentiments, and the market didn't buy into it fully so I think that the long term trend is still bullish, particularly as we're on the cusp of hurricane season. There is also the news that North Korea is testing long range missiles which is adding to the jitters."
- A London-based broker discussing the strengthening of crude futures on Monday, June 20.

Copyright © 2005 - Platts

Please visit:  www.platts.com

Their coverage of energy matters is extensive!!.