Jeffrey Halley


Last quote by Jeffrey Halley

Soothing words from Saudi Arabia about extending the production cut deal, possibly into 2018, supported
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May 09 2017 OPEC
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jeffrey Halley is associated, including Asia and OPEC. Most recently, Jeffrey Halley has been quoted saying: “Soothing words from Saudi Arabia about extending the production cut deal, possibly into 2018, supported prices.” in the article Oil prices edge up in anticipation of extended crude output cut.
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Jeffrey Halley quotes

Oil pricing will be driven this week by the movement of the U.S.-dollar rather than crude itself, with President-elect Trump's inauguration ... being the main

We expect Asia to trade on the positive-side today, supported by the API

The Federal Reserve hike … saw bond yields rise, dealing a blow to commodities in

We will have to watch the price action over the next few days, to see if this was a knee jerk reaction, or the start of another leg of concerted U.S. dollar

Momentum continues to wane in oil markets with both Brent and WTI slightly lower overnight, following higher than expected API inventory numbers in the United States ... (which) showed an unexpectedly large increase of 4.7 million barrels. We expect Asia trading to have a slightly negative bias as traders trim longs into the Federal Reserves' main event this

With both Russia and OPEC producing at record amounts, the market is scratching its head about how both blocs will manage to comply with the Vienna production cut targets. The point is valid, as the more OPEC and Russia produce, the higher the starting point will be to have to cut

Crude seems to be trying to move to a new trading range each side of $55 a

With the financing changes that (U.S. shale producers) have to undergo now, they have to hedge quite a proportion of their future production in order to get the financing they

I don't think (the market) had priced in how committed OPEC turned out to be at the very last minute to getting something over the line which I think caused a surge in trading

We expect intra-day volatility to ratchet higher again into tomorrow, with price action being entirely headline

The Thanksgiving Holiday today has thinned traders interest ... but the OPEC result next Wednesday is the only game in town for energy

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow. Their reticence is understandable given that longs (long positions) put on above that level have not ended well in recent

Tonight's (U.S.) EIA Crude Inventory numbers should provide a welcome, albeit temporary sideshow to the OPEC main event. Otherwise, we expect Asia to continue the sideways trading

Oil traded in a sideways range overnight, as stronger U.S. dollar (overhadowed) optimism from Saudi's Energy Minister over a production cut agreement. With the dollar reigning supreme, Asia trading of crude should have a slightly heavy tone today as traders lighten up positioning into the

The main show today will be the U.S. presidential election results coming in over the Asia morning. We expect oil to vacillate up and down according to the whims of the incoming

Crude sold off slightly late in the New York (early Asia) session, as the American Petroleum Institute (API) crude inventory figures showed a 4.4 million barrel increase against an expected 2.2 million increase. The effect has been short lived as the street continues to buy commodities anticipating a Clinton

Oil appears to have coat-tailed most other commodities higher, as part of a Clinton-led, broad based, risk asset

I suspect the main drivers are that risk is being taken off the table ahead of next week's election and the continuance of long

There was a lot of talk and nobody managed to agree on anything. That has been pushing the market

OPEC's Nov. 30 meeting suddenly seems like a long way away with seemingly half of the group wanting exemptions

OPEC appears to be approaching the limits of its ability to jawbone oil higher without something concrete to put on the

Crude is on the defensive this morning following American Petroleum Institute (API) inventory numbers showing a rise of 4.8 million barrels against an expected rise of 1.7

Expect more of this choppy interplay until more concrete news emerges, as speculative buying runs into record producer selling of the futures contracts for

The American Petroleum Institute crude inventory numbers were released ... this has given early Asian trading a bullish

We expect the SET (Stock Exchange of Thailand) Index to underperform its regional peers until a clearer picture of the King's health appears…the Thai baht will also continue to be under

Crude responded predictably, with both Brent and WTI

In the absence of any OPEC-Russia headlines to give crude its daily adrenaline shot, the market looks nervously to the EIA Crude Inventory figures due in the US this

OPEC kept the heat on oil prices overnight. The Algerian Energy Minister saying that OPEC could cut by more than the 0.5 million barrels per day initial

Another week another surprise drawdown in crude inventories by the EIA ... Although crude in storage remains at record highs, this is the third week of unexpected drawdowns in a

I shall not speculate on whether Clinton won or was Trumped, but clearly, the highest beta currency to a Trump victory thinks she did. Maybe the Mexicans know something we don't?feedback

It was an unexpected undershoot in these numbers last week that set off the rally in crude last week. A rebound in this data will no doubt create an emotional day for oil longs in the New York

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